ADA has risen nearly 6% in the last 24 hours, rebounding from the recent low. With the recovery in prices, the market is concerned about the continued increase in large addresses in the Cardano chain and the significant increase in the supply of stable currency in a short period of time, indicating a warmer funding for the network.

The whale has been stowing since June 25th.

The data on the chain show that there are between 100,000 and 100 million ADA addresses, with a cumulative increase of about 150 million ADAs since 25 June. Such addresses are usually regarded as large holders, and their buying actions are often used by the market to observe medium- and long-term financial attitudes.

The address was not significantly reduced during the recent price fall phase, but rather continued to absorb it. If large addresses continue to grow, tradable coins in circulation may be reduced, thus supporting short-term supply and demand.

Cardano stable currency supply increased by over 20 per cent a week

In addition to the rebound in prices, there is also an increase in the supply of stable currency within Cardano's ecology. The data show that the total number of stable currencies in the network has grown by more than 20 per cent in the past week. While the overall size is still smaller than some of the mainstream chains, the rate of increase reflects the improvement in chain mobility.

The increase in the supply of stable currency usually means that more money is traded in the chain, decentrized applications and DeFi agreements. For the common-chain ecology, such changes are often reflected in a return to mobility before they are transmitted to the wider chain.

  • Giant whale growth zone: 100,000 to 100 million ADA
  • Cumulative increase: approximately 150 million ADAs
  • Stable currency weekly increase: over 20%

Short-line focus near $ 0.18.

Based on price positions, ADA has been supported on several occasions in the vicinity of 0.15 dollars, and after the latest rebound, the market is turning its eyes to the corner of 0.18 dollars. The region is also close to the declining trend of suppressing price rebounds in recent months.

If this is the position at the price station, the market is looking at the expected warming between the following US$ 0.22 and US$ 0.25. If the rebound is blocked, ADA may still be able to operate in the current sorting area.

Overall, this round has not completely reversed the long-term vulnerable structure, but the increase in the availability of large addresses and the steady increase in the supply of currency are providing a clearer sign of a return to financial flows for Cardano.