In a recent post on X, they observed that ADA has been “one of the notable surprise altcoins taking flight during this crypto-wide pump.” They suggested that “we may be seeing some retail FOMO coming soon,” acknowledging that this surge “has been a long time coming for the patient ADA community.” Santiment reported that Cardano broke above $0.43 for the first time since July, climbing 25% in three days due to “massive network and whale activity.” Specifically, they pointed out that 37,892 unique ADA addresses made transfers in a single day—the most since the September 4th bottom—and there were 697 transactions exceeding $100,000, also the highest since that date.
Powell said that “labor market conditions have generally eased” and that "risks to goals remain roughly in balance.” #2 Cardano Whale Activity On-chain analysis firm Santiment has highlighted a surge in whale activity surrounding Cardano.
Related Reading: Cardano Might See A Massive Pump Around November 18 – Analyst Exposes 2020 Similarities The current move has also allowed the ADA price to break above a downtrend line that has dictated its price movement since April, after being rejected five times previously.
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