According to Santiment, this category of addresses has seen rapid growth, feeding off the whale dump. The on-chain analytics platform notes that large ADA addresses holding 100,000 to 1,000,000 ADA, on the other hand, have trimmed their holdings from 37.0% to 17.7% in the last three months. These two conflicting actions seemingly balance each other, creating a mostly neutral scenario.
Overall, since the start of the year, Cardano ''shark'' addresses have notably added 10% more to their holdings.The Cardano blockchain has experienced an explosion in on-chain activity in the past month despite lackluster price trading.
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