Since 2023, Cardano has won a lot of games.
New findings from the Santiment intelligence platform show that in 2023, the total number of Cardano whales has greatly increased.
Santiment noted that since the beginning of 2023, 36 additional 1 million to 100 million ADA addresses have been added.
Along with the recent progress, there have been several notable large-scale transactions on the network.
“Cardano whale populations have increased in 2023, and significant deals have occurred.
As Santiment stated in its tweet, if the same pattern continues, the price of ADA will probably respond favorably over time.
The pricing performance of ADA appears to be excellent.
According to the technical chart supplied by Santiment, the price of ADA has surged over 56% since the beginning of 2023.
The research was released not long after Cardano’s price reached a year-high of 65%. Santiment credits increasing whale activity on the Cardano platform for the sharp price surge. As the largest investors in the Cardano market have continued to accumulate ADA tokens, whale accumulation has increased over time.
Key shark and whale accumulation has had a significant role in the +65% increase in Cardano’s price in 2023.
The price of ADA reflects the bulls’ recent success in gaining and maintaining momentum.