Cardano [ADA] investors should know that the whales have been actively…

ambcrypto.com:

Cardano tanked its value again as the period of turmoil continues well into May. ADA dropped to a new low on 19 May when it declined by around 10% to $0.507.

At the height of the Terra debacle, Cardano suffered along with the rest of the crypto market. On 12 May, Cardano crashed to $0.47 which is the lowest it has been since 2 February. The recovery has not gone very well ever since despite the confirmation of the Vasil hard fork. The Hard fork, as founder Charles Hoskinson confirmed, will vastly improve the network’s performance.

According to a CryptoCompare Report, the number of addresses holding ADA grew 2.99% last month to 5.2 million, partly thanks to an increase in the number of token holders from 529,000 in March to 679,000 in April, and to a rise in the number of cruisers from 3.84 million to 4.14 million.

On the fateful day of 12 May, whale transactions heated up to their highest total since the end of January 2022. Whale transactions- more than $100k- clocked at 1450 but have been unable to maintain the momentum during the ongoing market volatility.