According to U.Today, the Cardano (ADA) blockchain has experienced a significant increase in large transactions. Within a 24-hour period, the volume from large ADA holders surged to over 17 billion units, marking the highest recorded volume in a single day this week. This surge in transactions is attributed to large holders, often referred to as 'whales,' who are conducting transactions exceeding $100,000. On-chain analytical platform IntoTheBlock reported that the volume of such large transactions reached 17.78 billion within a day.

The rise in large transactions indicates growing interest from institutional players and whales in the ADA token. Typically, increased interest from institutional holders suggests confidence in the token's future. For ADA, the 17.9 billion 24-hour volume could signal a potential rise in its price. Recent updates, such as the Cardano Chang Upgrade, may have heightened expectations for ADA, prompting these large investors to increase their investments in anticipation of higher prices.

Additionally, there is ongoing speculation that Cardano could be the next cryptocurrency to receive approval for a spot Exchange-Traded Fund (ETF), following the launch of a spot Ethereum ETF. These investment vehicles are considered safer options for traditional finance sector participants. Rising interest from these investors could lead to increased adoption and potentially impact the price of ADA.

Current trends show that a smaller number of ADA investors are currently making profits compared to those who are not. Data from IntoTheBlock reveals that 32.77% of addresses (1.47 million) holding ADA are profitable at the current price of $0.4149, while 65.83% of holders are out of profit. As of this writing, the price of ADA has increased by 5.9% in the past day. The next critical support level is in the $0.42 territory. Surpassing this threshold could lead to further price increases for ADA, while a drop below this level may result in significant losses for the token.