#CardanoSurprise Cardano whales prepare for Chang Hard Fork, biggest network upgrade since 2021

• Cardano whales add 170 million ADA tokens to their holdings in two days ahead of a major network upgrade. 

• Chang Hard Fork brings major changes to the structure of the Cardano network and introduces mechanisms for on-chain governance. 

• Cardano’s most important upgrade in two years is lined up for September 1. 

• ADA falls slightly on Friday, trading at $0.3563 at the time of writing. 

Cardano (ADA) big-wallet traders seem to be positioning ahead of upcoming changes to the chain’s network. The upcoming Chang Hard Fork upgrade, the biggest one since 2021, will introduce a mechanism for users to participate in on-chain governance, supporting the decentralization process in Cardano. 

Cardano whales have accumulated ADA tokens at a fast pace in the last two days, on-chain data shows, likely anticipating gains in the altcoin’s price.

What to expect from Cardano’s Chang Hard Fork

Chang Hard Fork is a key milestone in the decentralization of governance in the Cardano blockchain. It is the largest upgrade to the blockchain network in two years, as it marks the final step in the decentralization process in the Voltaire phase of Cardano’s roadmap. 

Chang Hard Fork has two upgrades lined up. The first one initiates a process by which a working group reviews progress and ensures that the desired thresholds are met and the ecosystem is ready for the hard fork. The group will then raise necessary governance actions and sign off the hard fork, the last of its kind prior to decentralization, where ADA holders take control of the chain. 

The transaction to trigger the first upgrade on the mainnet was submitted on Thursday. Nicolas Serny, governance lead at the Cardano Foundation, said:

This milestone officially ushers us into the Conway era, beginning in epoch 507 on September 1, 2024, at 21:45 UTC.