• bitcoinBitcoin (BTC) $ 101,810.00
  • ethereumEthereum (ETH) $ 3,882.70
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.34
  • solanaSolana (SOL) $ 237.52
  • bnbBNB (BNB) $ 720.74
  • dogecoinDogecoin (DOGE) $ 0.438420
  • cardanoCardano (ADA) $ 1.20
  • usd-coinUSDC (USDC) $ 0.999250
  • staked-etherLido Staked Ether (STETH) $ 3,883.25
  • tronTRON (TRX) $ 0.329085
  • avalanche-2Avalanche (AVAX) $ 51.92
  • shiba-inuShiba Inu (SHIB) $ 0.000031
  • the-open-networkToncoin (TON) $ 6.89
  • polkadotPolkadot (DOT) $ 10.85
  • wrapped-stethWrapped stETH (WSTETH) $ 4,633.61
  • chainlinkChainlink (LINK) $ 24.31
  • stellarStellar (XLM) $ 0.495003
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 101,919.00
  • suiSui (SUI) $ 4.34
  • bitcoin-cashBitcoin Cash (BCH) $ 609.80
  • hedera-hashgraphHedera (HBAR) $ 0.296962
  • wethWETH (WETH) $ 3,889.44
  • litecoinLitecoin (LTC) $ 142.87
  • nearNEAR Protocol (NEAR) $ 7.91
  • pepePepe (PEPE) $ 0.000022
  • uniswapUniswap (UNI) $ 15.39
  • leo-tokenLEO Token (LEO) $ 9.36
  • aptosAptos (APT) $ 14.26
  • wrapped-eethWrapped eETH (WEETH) $ 4,098.76
  • internet-computerInternet Computer (ICP) $ 14.57
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.700019
  • crypto-com-chainCronos (CRO) $ 0.210508
  • vechainVeChain (VET) $ 0.068499
  • ethereum-classicEthereum Classic (ETC) $ 36.55
  • usdsUSDS (USDS) $ 0.996792
  • bittensorBittensor (TAO) $ 688.83
  • render-tokenRender (RENDER) $ 9.81
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.91
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • filecoinFilecoin (FIL) $ 7.93
  • arbitrumArbitrum (ARB) $ 1.13
  • hyperliquidHyperliquid (HYPE) $ 12.76
  • blockstackStacks (STX) $ 2.82
  • kaspaKaspa (KAS) $ 0.159457
  • algorandAlgorand (ALGO) $ 0.469029
  • cosmosCosmos Hub (ATOM) $ 9.96
  • aaveAave (AAVE) $ 256.31
  • mantra-daoMANTRA (OM) $ 3.98
  • celestiaCelestia (TIA) $ 8.42
  • mantleMantle (MNT) $ 1.09
  • moneroMonero (XMR) $ 197.71
  • whitebitWhiteBIT Coin (WBT) $ 25.08
  • immutable-xImmutable (IMX) $ 2.13
  • daiDai (DAI) $ 0.996537
  • fantomFantom (FTM) $ 1.26
  • okbOKB (OKB) $ 57.94
  • injective-protocolInjective (INJ) $ 34.24
  • dogwifcoindogwifhat (WIF) $ 3.28
  • bonkBonk (BONK) $ 0.000043
  • optimismOptimism (OP) $ 2.56
  • the-graphThe Graph (GRT) $ 0.330713
  • theta-tokenTheta Network (THETA) $ 3.03
  • sei-networkSei (SEI) $ 0.710856
  • ethenaEthena (ENA) $ 0.916087
  • bitget-tokenBitget Token (BGB) $ 1.91
  • worldcoin-wldWorldcoin (WLD) $ 3.58
  • galaGALA (GALA) $ 0.060151
  • ondo-financeOndo (ONDO) $ 1.74
  • thorchainTHORChain (RUNE) $ 7.09
  • jasmycoinJasmyCoin (JASMY) $ 0.048530
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,889.40
  • flokiFLOKI (FLOKI) $ 0.000239
  • the-sandboxThe Sandbox (SAND) $ 0.919096
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 102,211.00
  • eosEOS (EOS) $ 1.41
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,355.35
  • based-brettBrett (BRETT) $ 0.201908
  • kaiaKaia (KAIA) $ 0.333218
  • lido-daoLido DAO (LDO) $ 2.17
  • makerMaker (MKR) $ 2,155.08
  • pyth-networkPyth Network (PYTH) $ 0.522417
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998869
  • flowFlow (FLOW) $ 1.18
  • jupiter-exchange-solanaJupiter (JUP) $ 1.35
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,080.68
  • arweaveArweave (AR) $ 26.61
  • flare-networksFlare (FLR) $ 0.032936
  • iotaIOTA (IOTA) $ 0.480200
  • tezosTezos (XTZ) $ 1.66
  • stauSTAU (STAU) $ 0.168664
  • beam-2Beam (BEAM) $ 0.031736
  • starknetStarknet (STRK) $ 0.732589
  • bitcoin-svBitcoin SV (BSV) $ 83.54
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.66
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,977.39
  • kucoin-sharesKuCoin (KCS) $ 13.12
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,988.89
  • gatechain-tokenGate (GT) $ 12.47
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 101,789.00
  • elrond-erd-2MultiversX (EGLD) $ 55.44
  • bittorrentBitTorrent (BTT) $ 0.000002
  • coredaoorgCore (CORE) $ 1.64
  • neoNEO (NEO) $ 21.36
  • raydiumRaydium (RAY) $ 5.10
  • heliumHelium (HNT) $ 8.52
  • axie-infinityAxie Infinity (AXS) $ 9.35
  • decentralandDecentraland (MANA) $ 0.773075
  • peanut-the-squirrelPeanut the Squirrel (PNUT) $ 1.40
  • apecoinApeCoin (APE) $ 1.93
  • curve-dao-tokenCurve DAO (CRV) $ 1.11
  • matic-networkPolygon (MATIC) $ 0.701525
  • ethereum-name-serviceEthereum Name Service (ENS) $ 41.46
  • popcatPopcat (POPCAT) $ 1.38
  • aerodrome-financeAerodrome Finance (AERO) $ 1.87
  • dydx-chaindYdX (DYDX) $ 1.85
  • tokenize-xchangeTokenize Xchange (TKX) $ 16.42
  • aioz-networkAIOZ Network (AIOZ) $ 1.14
  • msolMarinade Staked SOL (MSOL) $ 294.72
  • chilizChiliz (CHZ) $ 0.135513
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 102,285.00
  • pancakeswap-tokenPancakeSwap (CAKE) $ 4.03
  • conflux-tokenConflux (CFX) $ 0.241641
  • binance-staked-solBinance Staked SOL (BNSOL) $ 241.85
  • akash-networkAkash Network (AKT) $ 4.48
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,856.00
  • ecasheCash (XEC) $ 0.000056
  • xdce-crowd-saleXDC Network (XDC) $ 0.073124
  • mina-protocolMina Protocol (MINA) $ 0.913839
  • wormholeWormhole (W) $ 0.392165
  • zcashZcash (ZEC) $ 71.39
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,081.41
  • fasttokenFasttoken (FTN) $ 3.19
  • pendlePendle (PENDLE) $ 6.39
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 101,732.00
  • bazaarsBazaars (BZR) $ 16.70
  • reserve-rights-tokenReserve Rights (RSR) $ 0.019034
  • compound-governance-tokenCompound (COMP) $ 114.23
  • mog-coinMog Coin (MOG) $ 0.000003
  • nexoNEXO (NEXO) $ 1.53
  • notcoinNotcoin (NOT) $ 0.009620
  • ordinalsORDI (ORDI) $ 46.91
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 251.88
  • havvenSynthetix Network (SNX) $ 2.93
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 101,550.00
  • safeSafe (SAFE) $ 1.82
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000167
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.441008
  • axelarAxelar (AXL) $ 1.04
  • blurBlur (BLUR) $ 0.430776
  • creditcoin-2Creditcoin (CTC) $ 2.12
  • amp-tokenAmp (AMP) $ 0.010829
  • oasis-networkOasis (ROSE) $ 0.128732
  • zksyncZKsync (ZK) $ 0.229652
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,885.15
  • roninRonin (RON) $ 2.29
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.009419
  • dydxdYdX (ETHDYDX) $ 1.84
  • agentfun-aiAgentFun.AI (AGENTFUN) $ 8.05
  • eigenlayerEigenlayer (EIGEN) $ 3.87
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,887.21
  • goatseus-maximusGoatseus Maximus (GOAT) $ 0.799554
  • arkhamArkham (ARKM) $ 2.49
  • superfarmSuperVerse (SUPER) $ 1.75
  • nervos-networkNervos Network (CKB) $ 0.017181
  • echelon-primeEchelon Prime (PRIME) $ 15.06
  • kavaKava (KAVA) $ 0.703286
  • neiro-3Neiro (NEIRO) $ 0.001798
  • gnosisGnosis (GNO) $ 288.93
  • usddUSDD (USDD) $ 0.993520
  • grassGrass (GRASS) $ 3.02
  • 1inch1inch (1INCH) $ 0.525871
  • layerzeroLayerZero (ZRO) $ 6.56
  • dashDash (DASH) $ 60.11
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,216.12
  • kusamaKusama (KSM) $ 44.59
  • bitcoin-goldBitcoin Gold (BTG) $ 39.43
  • book-of-memeBOOK OF MEME (BOME) $ 0.010005
  • apenftAPENFT (NFT) $ 0.00000069
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.006793
  • spx6900SPX6900 (SPX) $ 0.722935
  • livepeerLivepeer (LPT) $ 18.16
  • enjincoinEnjin Coin (ENJ) $ 0.369241
  • astarAstar (ASTR) $ 0.088287
  • holotokenHolo (HOT) $ 0.003666
  • tether-goldTether Gold (XAUT) $ 2,635.82
  • woo-networkWOO (WOO) $ 0.350727
  • super-oethSuper OETH (SUPEROETHB) $ 3,891.68
  • fraxFrax (FRAX) $ 0.993964
  • zilliqaZilliqa (ZIL) $ 0.033279
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000030
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.51
  • snekSnek (SNEK) $ 0.008312
  • stepnGMT (GMT) $ 0.242457
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 100,567.00
  • theta-fuelTheta Fuel (TFUEL) $ 0.090846
  • dexeDeXe (DEXE) $ 10.63
  • telcoinTelcoin (TEL) $ 0.007586
  • iotexIoTeX (IOTX) $ 0.062438
  • turboTurbo (TURBO) $ 0.008533

Cardano Records 10,878% Spike in This Bullish Metric Within a Single Day

0 60

Cardano (ADA) sees a whopping 10,878% surge in large holders’ inflow within a single day, spiking above the 5 billion ADA mark.

The cryptocurrency market has witnessed a revival in investor interest amid the sustained recovery efforts. Altcoins like Cardano are leveraging the ongoing push to recoup the losses suffered earlier this month. For instance, despite facing a roadblock, ADA is currently up 31% from its July 5 low of $0.317.

Cardano Records 10,878% Spike in This Bullish Metric Within a Single Day

ADA Daily Chart

Amid this bullish move, Cardano appears to be commanding more investor interest in recent times. Interestingly, data from IntoTheBlock (ITB) shows that large holders have taken to accumulating more ADA tokens in anticipation of a full-blown recovery.

Cardano Sees 10,878% Spike in Large Holders Inflow

Notably, the ITB Large Holders Inflow assesses how much funds are flowing into addresses holding at least 35.89 million ADA worth $15 million. This figure represents 0.1% of Cardano’s circulating supply. This tier of addresses is worth watching, as their activity can bolster chances of a rebound or trigger a drop.

Per IntoTheBlock data, these addresses saw an inflow of 5.14 billion ADA worth $2.1 billion on July 22. This large figure represents a massive 10,878% increase from the 46.82 million ADA inflow recorded on July 21.

Cardano Records 10,878% Spike in This Bullish Metric Within a Single Day

Cardano Large Holders Inflow | ITB

Data further confirms that these large holder inflows have spiked by an incredible 22,768% over the past week. In addition, the metric has recorded a 172,952% increase in the last month. This rapid increase in large holder inflows is primarily attributable to an accumulation campaign from whale investors.

Moreover, Cardano has equally witnessed a recent recovery in large transactions worth at least $100,000. These transactions have continued to see notable spikes throughout July due to increased whale activity. The last time these spikes came up was in January, leading to ADA’s surge to the $0.81 yearly peak.

Cardano Records 10,878% Spike in This Bullish Metric Within a Single Day

Cardano Large Transactions | ITB

ADA Shakeout Triggers Accumulation from Resolute Investors

Interestingly, amid these large transactions and whale accumulation, newer investors are distributing. Long-term Hodlers, holding for at least a year, have increased their balances over the last three months. However, Cruisers, holding between 1 and 12 months, and Traders, holding for less than a month, have decreased their balances.

Currently, Cruisers hold 16.1 billion ADA, down from the 17.17 billion ADA balance on April 22. Also, Traders now hold a collective balance of 5.47 billion ADA, down from the 6.02 billion ADA on April 22. Meanwhile, Hodlers currently hold 13.89 billion ADA, up from the 11.9 billion figure on April 22. Essentially, Hodlers have procured nearly 2 billion ADA in the last three months.

Cardano Records 10,878% Spike in This Bullish Metric Within a Single Day

Cardano Balance by Time Held | ITB

The distribution among Cruisers and Traders is likely due to ADA’s correction from the $0.81 peak in March. This shift in wealth from less to more resolute investors is especially bullish for the Cardano market.

Notably, the pattern ensures that the market is dominated by diamond hands, bolstering the chances of an upsurge during a recovery. Cardano currently trades for $0.417, down 1.64% today. The crypto asset is looking to find support at the $0.41 level in an effort to leverage it for a retest of $0.46.

Source

Leave A Reply

Your email address will not be published.