Cardano (CRYPTO: ADA) climbed higher on Sunday, capping off a successful week for the market’s ninth-largest cryptocurrency. It was worth noting the contribution of whale investors to the rally.
What happened: ADA rose over 2% in the last 24 hours, with its trading volume jumping by more than 35% to $1.34 billion. The latest uptick propelled its weekly gains to an impressive 25%, making it one of the biggest gainers.
Whales, known for their large holdings, were one of the primary drivers of the surge, acquiring more than 40 million ADA tokens between Wednesday and Friday last week, according to on-chain specialist Ali Martinez.
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