Cardano (ADA) May Rally 40% If This Scenario Repeats Itself

As reported by crypto analytics portal Santiment, the activity of large investors, referred to in the community as whales, related to Cardano (ADA) has increased significantly since the beginning of 2023. In fact, the number of transactions above $100,000 with ADA is so high that after the last time such a thing was seen, the price of Cardano’s native token rose by almost 40% within weeks.