Cardano Accumulation phase Increases, ADA Price Eyeing $1.5

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On-chain analytics platform Santiment notes that  ADA supply appeared to be moving out of addresses worth over $100,000

– Whales currently held about 83.1% of overall supply, which is a record low, - Low to mid-tier holders appeared to be accumulating ADA at an accelerated pace and represented a record-high 16.8% of total supply. - Low-tier addresses represented only 0.12% of total supply.

As per IntoTheBlock Data,  ADA had a 50-fold rise in on-chain transaction volume, which resulted in an infusion of institutional funds to the network.