![Dear Cardano [ADA] holders, this is the real state of whaling around](https://i.headtopics.com/images/2022/8/13/cryptoamb/dear-cardano-ada-holders-this-is-the-real-state-of-whaling-around-1558470555992481792.webp)
According to Messari, ADA addresses holding over $10 million worth of ADA have declined gradually since 25 April. In fact, with 266 addresses noted at press time, a 62% decline in the number of this category of whales was logged. Needless to say, this group of whales wields significant impact on the cryptocurrency’s price action. […]
revealed a 56% drop in the price of ADA over the said period. With the date of Cardano’s Vasil Hard Fork largely unknown, the market has been flashing mixed sentiments of late.As for the blockchain, daily revenue registered has declined by 63.9% in the last 90 days and by 41.7% in the last 180 days. After logging a daily revenue high of $60,339 on 15 February, total daily revenue has since dropped by 81%.
After recording a high of $1.21 on 4 April, ADA’s price has declined by 53% on the charts. Average transaction fees on the network have also declinedAt press time, the average transaction fee on the Cardano Network stood at $0.20, dropping by 55.95% over the last 365 days.Here, it’s worth pointing out that despite the price decimation that has plagued ADA over the last three months, its Mean Coin Age has risen steadily. In fact, the same grew by 27%.
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