Something big might be brewing for Cardano if indications of whale inflows are true
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Large Holders' Inflows might indicate that considerable buying activity is taking place. This is the case because many of these addresses buy on centralized exchanges and subsequently transfer their purchases to cold storage.Spikes in Large Holders Inflows can also indicate price bottoms since these addresses prefer to buy in bulk after significant drops.
Both scenarios might be likely for ADA given the current situation on the market. The crypto market has experienced fluctuations in recent weeks, with ADA falling to lows last seen in November 2023. Currently, the ADA price is showing signs of stability, up 3.4% in the last 24 hours to $0.3819. While the spike in large holder inflows might suggest something brewing for Cardano, it is also essential to keep in mind that large entities may transfer out funds received for business purposes.The Chang upgrade will stagger the release of governance functionality, making adoption and onboarding easier for those with new or extra roles in governance. It is separated into two phases.
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