An accumulation spree is underway with regard to ADA (Cardano).
However, unlike Bitcoin and Ethereum, it is not whales that are accumulating ADA at this stage, but sharks.
Whales generally mean those wallets that have at least 1,000 BTC (more than $15 million), while sharks mean those that have many but less (500 to 1,000 BTC).
For smaller cryptocurrencies, these numbers are reduced, if only by virtue of the difference in market capitalizations. Bitcoin in fact capitalizes more than $320 billion, while ADA less than $9 billion, or 36 times less.
So proportionally Cardano whales can be considered those wallets that have at least $400,000 in ADA.
In this case, Cardano “sharks” refers to public addresses on which 10,000 to 100,000 ADA are held.
Cardano (ADA) accumulation phase
Yesterday, Santiment revealed on Twitter that since the collapse of FTX, Cardano’s sharks have added as much as $83 million in ADA to their public addresses.
Key #Cardano sharks have been accum
We współpracy z: https://en.cryptonomist.ch/2022/12/23/cardanos-sharks-accumulating/
