Cardano (ADA) and Dogecoin (DOGE) Investors Flock to Kelexo (KLXO) Presale

Cardano (ADA) Experiences Decrease in Whale Transactions

Cardano, a popular cryptocurrency, has recently seen a decrease in large transaction volumes associated with whale activity. While a decrease in whale activity typically signifies a shift in a network’s dynamics, the exact reasons for this decline in Cardano’s case remain unclear. Just a week ago, research firm K33 released a report stating that Cardano’s DeFi activity was relatively insignificant compared to other Layer-1s. Despite this, Cardano’s ADA token saw a 4% increase in the past 24 hours, currently trading at $0.485.