Cardano (ADA) Price Growth Catalysts: Whale Transaction Volume Jumps 34% to $11.64B in 24 Hours

The ADA community is one of the most vibrant in the broader ecosystem. This has translated into onchain metrics like the whale transaction count

Cardano (ADA) price is pausing momentarily, a correction that seems imminent after a period of an epic rally. While the coin remains in the spotlight as one of the best performers in the past week, its future growth outlook has sparked a new bout of analysis. Being a complete protocol, some of its core onchain metrics might help retrace its growth path to $1.

Cardano Price Growth CatalystsThe ADA community is one of the most vibrant in the broader ecosystem. This has translated into onchain metrics like the whale transaction count, volume and daily active users.

Cardano Whale Transactions Hit $12B in 24 Hours as ADA Surges to New HighsAccording to data from crypto analytics platform IntoTheBlock, the ADA whale transaction volume jumped by 34% to reach $11.64 billion in 24 hours. Despite its relatively lower price, ADA is a major whale favorite. The coin recorded more than 8,900 transactions within the period with a record 26.91 billion ADA moved overnight.

As of press time, according to IntoTheBlock data, the Daily Active Users (DAU) on the protocol is also surging. This metric showcases the number of users conducting or validating transactions in the network overall. The DAU suddenly spiked by 17.33% with over 44,460 addresses featured.

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