Moreover, the expanding ecosystem of Cardano, characterized by a flurry of new releases and project launches, could be contributing to this surge. The development of new decentralized applications (dApps), non-fungible token (NFT) platforms, and decentralized finance (DeFi) projects on Cardano’s blockchain presents an enticing opportunity for large investors. They may be accumulating ADA in anticipation of utilizing or supporting these new projects, which could explain the sudden increase in high-volume transactions.