Cardano Hits 113M Transactions as Whale Buying Boosts ADA 20% in Two Weeks

Cardano has reached a significant network milestone, with the total number of transactions processed on its mainnet exceeding 113 million. According to data shared by on-chain analyst Mintern, this reflects a consistent increase in network activity since the blockchain’s launch [1]. The achievement highlights the platform’s ongoing growth and reinforces its position as one of the leading proof-of-stake blockchains in terms of transaction throughput and user engagement.

Whale activity has also been notable, with large wallets accumulating 150 million ADA in the past two weeks. This accumulation has pushed the total holdings of these large addresses to approximately 5.59 billion ADA. Data from Ali Martinez shows that these movements coincided with a price increase, as ADA rose from around $0.70 to $0.85 during the same period [1]. The correlation between whale buying and upward price movement suggests continued confidence among major holders in the platform’s long-term potential.

ADA’s current price is trading at $0.8423, with a 24-hour trading volume of $1.44 billion. Over the past week, the token has experienced a 11% decline, continuing a consolidation phase after previously testing the $1.00 resistance level. Technical indicators suggest a period of neutrality, with the RSI at 51.20 and the Bollinger Band Trend at 11.87. These readings indicate that ADA is neither overbought nor oversold, signaling a potential for a breakout if support levels are maintained above $0.82–$0.84 [1].

The milestone of 113 million transactions, combined with whale accumulation, signals strong network activity and sustained demand for ADA. However, the translation of this activity into broader real-world adoption remains an open question. While transaction volume is a key indicator of network usage, the true test of adoption will depend on Cardano’s ability to sustain user growth, support decentralized applications, and maintain price stability in the face of market volatility.

Source:

[1] https://cryptoadventure.com/news/

[2] https://www.certik.com/resources/blog

[3] https://coincu.com/analysis/sui-hits-4b-transaction-blocks/