Hodlers Accumulate Largest Amount of Cardano Since December 2019

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According to IntoTheBlock, a large number of investors have taken advantage of the altcoins’ winter autumn.

Hodlers holding Cardano (ADA) have recorded the highest activity for over a year. These investors have accumulated the most Cardano volume since December 2019, according to the researchers’ report.

Notably, Cardano (ADA)’s price rose as high as $0.92 in early Thursday morning trading. Yesterday, the crypto’s market cap recorded a 5% increase to $30.997 billion.

Santiment analysts have confirmed ADA’s wallet saving strategy. The analysts have again highlighted the increased activity of wallet addresses controlling between 10,000 and 100,000 coins.

Over the past five weeks, their reserves have grown by another 6% of the total supply of the crypto. On an annual basis, ADA whales have increased their reserves by 10%.