Cardano Whales Drive Bullish Sentiment: $6.54 Billion in Transactions within 24 Hours

The summit’s Voltaire era, brought about by the Chang hard fork, is expected to further enhance Cardano’s decentralized governance, making it stand out as a pioneer in the space.

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Cardano’s ADA whales are experiencing a surge in transactions, with over 10% boost in large transactions within 24 hours. These transactions, now totaling 3,670, amount to approximately $6.54 billion worth of Cardano being shuffled. The Cardano ecosystem has also seen an increasing buzz surrounding the Cardano Summit in Buenos Aires, Argentina, and a recent meeting with President Javier Milei, known for his pro-Bitcoin stance. This trend is slightly in line with the ADA coin’s price movement, which is up by 1.98% in 24 hours and now valued at $0.3501.

However, trading volume for the coin has dropped by 29% to $211 million.

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