Key Cardano sharks have been steadily accumulating since June
According to on-chain analytics firm Feeling, Cardano’s top shard address tier now holds four billion ADA, accumulating an additional 331 million since the FTX explosion. According to Sentiment, addresses with 10,000 to 100,000 ADA now hold the largest percentage of supply in 1.5 years, ie from June 2021.
Key Cardano sharks have been steadily accumulating since June, according to the on-chain analytics firm. It notes that these addresses have taken their dip buying to a new level since the FTX implosion in early November.
Addresses holding 10,000 to 100,000 ADA have added $83 million worth of coins since November 7, when FTX’s liquidity crunch came to light.
Not only are large Cardano addresses adding to their bags, but also the number of Cardano wallets has increased by more than 200,000 wallets. According to the latest information provided by the Cardano Foundation, the overall number of wallets has risen to 3.80 million. At the start of November, this figure was around 3.63 million.
As of press time, Cardano’s ADA is trading up 3.05% at $0.26 and ranks as the ninth largest cryptocurrency by market capitalization. At its current price, ADA is down 91.62% from its all-time high of $3.10, thus offering sharks and whales a huge discount to hoard.
Cardano recounts explosive growth in 2022
As reported by U.Today, the number of Plutus scripts is at 4,445 — representing a 394% increase since 2021. Native tokens have surpassed 7.3 million, marking a 192% increase in the yearly timeframe.
The number of mining policies increased 69% year-on-year to 66,950. The number of transactions increased by 139% from 2021 to reach 56.9 million.
