Cardano’s $ADA notable move away from the altcoin market was fueled by an increase in whale activity and transaction volume. On-chain data shows ADA transaction volume hit a seven-month high of $52.26 billion this week. Meanwhile, whale transactions — worth over $100,000 — topped 8,900 for the second week in a row, hitting a six-month high.
ADA’s breakout momentum is fueled by these metrics, which highlight the growing accumulation phase among large holders. The price chart shows that ADA’s recent performance has been nothing short of extraordinary. The token, currently trading around $0.83, has broken above significant resistance levels. The fact that ADA is approaching its eight-month high against Bitcoin, a level not seen since June, makes this move significant.
In the past, during comparable setups, such a surge in whale activity and transactions occurred before a +26% jump in the ADA/BTC pair. Additionally, technical indicators are showing strength. With volumes rising sharply to support the breakout, Cardano broke through its moving averages.
