According to U.Today, Cardano (ADA) has seen a surge in large inflows recently, which is an important development for Cardano in its efforts to maintain its position in the top ten by market capitalization. According to data from IntoTheBlock, Cardano (ADA)'s large inflows surged from 54.93 million ADA on April 13 to 63.2 billion ADA on April 14, an astonishing increase of 28,372%. An increase in large inflows may indicate that large-scale buying activity is ongoing. A surge in large inflows may also signal a price bottom, as large addresses prefer to buy in large quantities after large adjustments. ADA prices are trying to rebound after falling to a low of $0.4 on April 13, the lowest level observed since early December 2023.

Cardano currently has a market cap of $17.08 billion, making it the tenth largest cryptocurrency by market cap. While the surge in large inflows looks positive, it is worth noting the outflows from these large addresses, as entities often transfer funds that they have just received for business purposes. In this regard, the large net inflow metric, which provides an idea of ​​the changes in large investor positions, shows accumulation, rising by 1,900%. In a major milestone, Cardano has reached 89 million network transactions, which proves the increase in activity and utilization of the blockchain.