💥Cardano ($ADA ) has captured significant market attention with a massive uptick in large transactions on its blockchain. According to IntoTheBlock, an on-chain analytics platform, a staggering 16.25 billion ADA, valued at approximately $17.61 billion, changed hands in the past 24 hours. This surge signals growing whale activity, which could have a profound impact on ADA’s price and market sentiment.

🚀Whale Activity on the Rise🚀

In a notable development, large Cardano transactions—defined as trades worth $100,000 or more—soared by 25.83% in the last 24 hours, totaling over 10,200 transactions. Such heightened whale movements often indicate strategic accumulation or redistribution of assets, which can positively influence market liquidity and investor sentiment.

Price Performance and Market Outlook

As of this writing, $ADA is trading at $1.10, reflecting a 3.77% surge in the past 24 hours. This marks a recovery after the asset previously touched a low of $1.0595. Market watchers believe this rebound, coupled with increased whale activity, could pave the way for further price growth. If current momentum holds, $ADA may look to test its $1.50 resistance level in the near term.

🚀ETF Speculation: A Catalyst for a $3 Target?🚀

Analysts are speculating that whales could be positioning themselves ahead of a major development. Crypto analysts, including Dan Gambardello of Crypto Capital Venture, suggest that a potential Cardano ETF announcement could drive ADA’s price higher, with the possibility of reaching $3 in the ongoing bullish cycle.

This theory aligns with earlier predictions by ETF expert Nate Geraci, who noted in November that ETF issuers might file for spot ETF products tracking CardanoyAvalanche (AVAX). If such ETFs gain approval, it could significantly boost adoption and demand, leading to an exponential price surge for ADA.

🚀Key Takeaway: Bullish Sentiment Strengthens🚀

The surge in whale activity and speculation around a Cardano ETF highlight renewed confidence in ADA’s long-term prospects. As large investors continue to accumulate, the growing liquidity and market interest may position Cardano for a strong upward trajectory.

If these trends persist, could rally toward $1.50 and potentially set its sights on the coveted $3 price level, should favorable market conditions and ETF developments materialize.

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