Cardano (ADA) recently surged by 4% in 24 hours, bouncing back from a 9.5% drop to $0.33260, driven by increased whale activity. Major ADA holders executed transactions totaling 17.33 billion ADA (worth $6 billion), with significant trades on October 10 and 11. The whale trade reached $24.18 billion last week, coinciding with Cardano's ecosystem updates and its growing appeal to developers.
Despite skepticism from investors, Cardano's strong fundamentalsâhighlighted by new node updates and a steady number of projectsâsupport its stability at $0.33. While some doubt ADA's ability to reach $0.5, positive on-chain metrics and increased activity suggest potential for an upward trend.
