#Whale buys over 10 million ADA#

Recently, on-chain analyst Ali (@ali_charts) revealed data showing that whales bought over 10 million ADA in the past 24 hours, a news that has sparked market attention. This large-scale buying activity is considered a sign of whales' bullish sentiment towards the future development of Cardano (ADA) and could potentially drive ADA prices up. While the specific reasons behind these whales' ADA purchases remain unclear, the event undoubtedly brought positive market sentiment to ADA. Some analysts believe that the whales' buying activity may be related to Cardano's upcoming major updates, such as the upgrade of smart contract functionality, which will further enhance Cardano's application value and attractiveness. However, some analysts remain cautious, arguing that the whales' buying activity may just be a short-term operation and does not fully represent the market's long-term confidence in ADA. Overall, the event of whales buying over 10 million ADA has brought new market attention and investment opportunities to Cardano, but investors still need to carefully observe market dynamics and make rational investments.