- The crypto market has seen an increase in large transactions.
- A fresh wallet received $313.1 million Bitcoin (BTC) in a single transaction.
- ADA is trading hands at $0.393 after a 2,09% drop in price.
The crypto market cap is once again above $1 trillion, and the market now seems to be heating up. A crypto enthusiast took to Twitter earlier this morning to share his own thoughts on what is happening in the market.
According to the post, the market has been going “crazy” with a number of huge transactions. Cardano (ADA), for example, had 105 transactions exceeding $100,000 on Friday of last week. In addition to this, several altcoin networks are observing massive whale transactions.
The poster also specifically mentioned that a fresh wallet received $313.1 million Bitcoin (BTC) in a single transaction. The flagship crypto has gained 40% this year, with its price having risen to $23,388 from $16,531 at the beginning of the year.
The post concluded by speculating that the increase in these large transactions could be a sign that the next altcoin bull run is around the corner.
After ADA’s exciting Friday, the Ethereum-killer is now trading hands at $0.393 after a 2.09% drop in price over the last 24 hours. The crypto is, however, still up by more than 2% over the last week.
ADA was also able to strengthen against BTC and Ethereum (ETH) by about 0.17% and 0.19% respectively over the last day. Also in the green zone is ADA’s 24 hour trading volume which currently stands at $374,925,669 after a more than 39% increase since yesterday. With its market cap of $13,585,311,927, ADA is ranked the 8th biggest crypto in terms of market capitalization.
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