Cardano whales ready for largest network update since 2021, Chang Hard Fork

Cardano whales buy 170 million ADA coins in two days before a network update.

Friday puts ADA at $0.3563, down marginally.
Cardano big-wallet traders seem to be preparing for network adjustments. The greatest Chang Hard Fork update since 2021 will let users can engage in on-chain governance, strengthening Cardano's decentralization.

On-chain data suggests Cardano whales have purchased ADA coins quickly in the previous two days, perhaps expecting price improvements.

Expectations for Cardano's Chang Hard Fork
Chang Hard Fork is a milestone in Cardano blockchain governance decentralization. As Cardano's Voltaire phase's last decentralization stage, it is the blockchain network's greatest update in two years.

Chang Hard Fork has two upgrades. The first starts a working group evaluation to verify the ecosystem is ready for the hard fork and the necessary thresholds are satisfied. After raising governance steps, the group will approve the final hard fork before decentralization, where ADA holders control the chain.

With ICC and SPO permission, the second upgrade will commence approximately three months from now. This update activates advanced governance capabilities including decentralized representatives (DReps) and governance tools, encouraging Cardano holders to participate.

The two Chang Hard Fork updates aim to turn Cardano into a community-driven, decentralized blockchain.

Three on-chain measurements indicate Cardano's price rise.
Between August 27 and 30, Cardano's major wallet investors with over 100 million ADA tokens added 170 million coins. Whales' mass buildup is usually good for the asset.

According to Santiment's supply distribution chart, whales bought Cardano while retail traders and smaller investors sold ADA tokens.

Cardano's seven-day Market Value to Realized Value (MVRV) is -11.08%, indicating that it is undervalued. As ADA stays discounted this week, a progressive long position is possible.

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