Santiment: large investors accumulate $138 million worth of ADA tokens
Jointly, they own 0,46% of the total issue of the asset
07.08.2022 - 07:00
312
2 min
0
What’s new? By August, Cardano’s large investors (addresses holding between 10 000 and 10 million ADA) had accumulated tokens totaling $138 million, according to analytics firm Santiment. Whales began buying the asset in early June, but made their biggest purchases in the middle of the month, a week after the ADA price began to drop. In total, institutions own 0,46% of the coin’s total issue. Analysts noted that these are not very significant numbers at the moment, but in August the situation “could get interesting” if the trend continues. ADA is trading at $0,51 as of August 6, 12:00 UTC, having gained 0,8% per day, according to Binance.
More details about Cardano. The community of the blockchain is currently awaiting the release of the Vasil Hard Fork Combinator (HFC), which has once again been delayed. The hard fork date was originally set for the end of June and later moved to the last week of July, now the release of the upgrade is expected in mid-August.
The network’s founder Charles Hoskinson assured users that the upgrade is currently in the final stages of testing and would not be delayed any longer. He noted that the team’s main priority is to fix bugs to ensure security.
The Vasil hard fork is intended to increase the scalability of the blockchain and accelerate the creation of blocks. The upgrade will also optimize the Verifiable Random Function (VRF), Ouroboros, and increase the network’s throughput, which will improve its performance. In addition, it will provide interoperability between Cardano sidechains, which is one of the main features that the team intends to launch in the current phase of blockchain development.
Cardano is a blockchain platform created by Input Output Hong Kong (IOHK) and Ethereum co-founder Charles Hoskinson in 2017. Cardano supports smart contracts and also has the native token ADA that enables users to participate in the operation of the network.
For more details on Cardano, see GetBlock Magazine’s article.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 412
BTC
+0.56%
-
Ethereum
$3 509.92
ETH
+3.76%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.49
XRP
+4.15%
-
Dogecoin
$0.429912
DOGE
+0.87%
-
Cardano
$1.06
ADA
+1.84%
-
Stellar XLM
$0.52781
XLM
-8.04%
-
Polkadot
$9.03
DOT
+3.7%
-
Bitcoin Cash
$524.82
BCH
+3.46%
-
Litecoin
$98.36
LTC
-0.59%