Download App

iOS & Android

Bitcoin $67,200.62 +1.35%
Ethereum $3,137.64 +3.45%
BNB $579.98 +0.17%
Optimism $2.59 +1.86%
Arbitrum $1.03 +1.14%
Solana $174.50 +3.89%
Polygon $0.72 +0.77%
Cosmos $8.67 +0.16%
Avalanche $37.46 +2.22%

Number of Cardano Whale and Shark Wallets Surge to 16-Month High Despite Bear Market: Santiment

According to blockchain analytics platform Santiment, wealthy investors are accumulating large amounts of Cardano (ADA) despite a stagnant cryptocurrency market. The number of wallets holding 100,000 or more ADA tokens has risen to 25,294, a level not seen since April 2022.

This increase in whale and shark wallets has occurred despite negative trader sentiment towards Cardano, which has fallen approximately 35% since reaching its 2023 peak four months ago. Santiment is also monitoring GitHub development activity across blockchain projects and notes that blockchain oracle network Chainlink (LINK) has re-entered the top five.

Chainlink $16.16

-2.35%

Cardano

Original Link

Comments

All Comments

Recommended for you

An address mistakenly transferred about $7,000 in BTC to Satoshi Nakamoto’s wallet

According to Arkham monitoring, someone accidentally sent 90% of their BTC assets to Satoshi Nakamoto's wallet address last night. They were trying to swap Ordinal for PupsToken, but ended up sending almost their entire wallet balance - about $7,000 worth of BTC.
USDC circulation increased by 200 million in the past 7 days

According to official data, within the 7 days ending on May 16th, Circle issued 1.8 billion USDC, redeemed 1.6 billion USDC, and the circulation increased by 200 million. The total circulation of USDC is 33.2 billion US dollars, and the reserve is 33.4 billion US dollars, of which 3.8 billion US dollars are in cash, and Circle Reserve Fund holds 29.6 billion US dollars.
Bitcoin mining company Phoenix Group released its Q1 financial report: net profit of US$66.2 million, a year-on-year increase of 166%

Phoenix Group, a listed mining company and blockchain technology provider for Bitcoin, released its Q1 financial report, with the following main points:
Core Foundation launches $5 million innovation fund

CoreDAO announced in a post on X platform that the Core Foundation has launched a $5 million innovation fund. The fund is currently mainly targeting the Indian market and has established strategic partnerships with the Indian Institute of Technology Bombay and some top venture capital companies to support the development of innovative blockchain projects in the country. At present, the fund has opened project funding applications.
In the past 24 hours, the entire network has liquidated $139 million, and long orders have liquidated $83.5374 million

According to Coinglass data, there were liquidations totaling $139 million in the past 24 hours, with a total of 56,471 people being liquidated.Of these, long positions were liquidated for $83.5374 million, short positions were liquidated for $55.4391 million, BTC was liquidated for $39.2379 million, ETH was liquidated for $26.5550 million, and SOL was liquidated for $10.2312 million.
$1.2 billion in notional value of BTC options and $930 million in ETH options are set to expire

Greeks.live data shows that on May 17th, 18,000 BTC options with a put/call ratio of 0.63 and a maximum pain point of $63,000 (nominal value of $1.2 billion) will expire. Additionally, 320,000 ETH options with a put/call ratio of 0.28 and a maximum pain point of $3,000 (nominal value of $930 million) will also expire. Greeks.live states that this week, inspired by the meme stock craze in the US, BTC ETFs have seen significant inflows, causing BTC to surge above $65,000. However, the rest of the crypto market remains weak, with trading volume continuing to decline, and the divergence in the options data of BTC and ETH reflects this. Looking at the structure of bulk trades and market trades, the downward trend in IV for major deadlines has ended and entered a consolidation phase, with limited downside potential at present. BTC longs and shorts are relatively balanced, while the weak ETH price has led to a continuous decline in market confidence, with selling calls becoming the absolute main transaction.
Tether CEO: 1 billion USDT will be issued on Tron Network, but it has been authorized but not yet issued

On May 17th, Tether CEO Paolo Ardoino announced that 1 billion USDT had been issued on the Tron Network early this morning Beijing time, but not yet released. This means that the amount will be used as inventory for the next issuance request and chain exchange.
The Hashgraph Association and QFC launch $50 million digital asset venture studio in Qatar

The Hashgraph Association (THA) has announced a strategic partnership with the Qatar Financial Centre (QFC) to establish a $50 million digital asset venture studio called Digital Assets Venture Studio, which will support the development of decentralized finance (DeFi) solutions that comply with regulations and digital assets based on the Hedera distributed ledger technology (DLT) network. They will also invest in Web3 startups and DeFi projects supported by Hedera.
In the past 24 hours, the entire network has liquidated $159 million, and short positions have liquidated $114 million

According to Coinglass data, there were liquidations of $159 million across the entire network in the past 24 hours, with long positions being liquidated for $44.75 million and short positions being liquidated for $114 million. Bitcoin liquidations were approximately $58.41 million and Ethereum liquidations were approximately $21.29 million.
Ethereum liquidity re-staking agreement TVL exceeds $10.1 billion, of which Eigenpie TVL exceeds $800 million

According to DeFiLlama data, the current TVL of Ethereum liquidity re-staking protocol is 10.177 billion US dollars, of which the top five protocols ranked by TVL are:

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

March 27 - March 27

Seoul

Recently Searched

Hot Coins

Trending

Daily Must-Read

Welcome Back

Join CoinTime

Sign in with email

Sign up with email

Check your inbox

Number of Cardano Whale and Shark Wallets Surge to 16-Month High Despite Bear Market: Santiment

All Comments

Recommended for you

An address mistakenly transferred about $7,000 in BTC to Satoshi Nakamoto’s wallet

USDC circulation increased by 200 million in the past 7 days

Bitcoin mining company Phoenix Group released its Q1 financial report: net profit of US$66.2 million, a year-on-year increase of 166%

Core Foundation launches $5 million innovation fund

In the past 24 hours, the entire network has liquidated $139 million, and long orders have liquidated $83.5374 million

$1.2 billion in notional value of BTC options and $930 million in ETH options are set to expire

Tether CEO: 1 billion USDT will be issued on Tron Network, but it has been authorized but not yet issued

The Hashgraph Association and QFC launch $50 million digital asset venture studio in Qatar

In the past 24 hours, the entire network has liquidated $159 million, and short positions have liquidated $114 million

Ethereum liquidity re-staking agreement TVL exceeds $10.1 billion, of which Eigenpie TVL exceeds $800 million

Daily Must-Read

JPMorgan’s Onyx to industrialize blockchain PoCs from Project Guardian

OKX Ventures invests in Web3 ‘play ARPG to train AI’ game Blade of God X

Bitcoin volatility plunges below Tesla, Nvidia stocks amid $100K price prediction

What are tokenized commodities?

Bitcoin opens $63K futures gap as thin liquidity threatens BTC price

More than half of the Fortune 100 uses Apple’s Vision Pro headset

Popular Activities

Delysium $AGI & AI Private Yacht Party

Popular Tags

Share