Cardano blockchain’s native currency and utility token ADA has been among the top performers in the first quarter of 2023, posting a gain of roughly 30% in the past 30 days.

Consequently, deep-pocketed cryptocurrency investors have picked up high interest in the top-ranked crypto project by market capitalization, resulting in the increasing accumulation of the coin. 

As per IntoTheBlock’s Cardano balance by holding chart shared by the Twitter user Ali, top investors holding between 100,000,000 and 1,000,000,000 ADA are taking advantage of the token’s current bullish set-up, filling their bags with millions of ADA cumulatively. 

Notably, over the past two weeks, a total of 560,000,000 ADA have been purchased on exchanges by Cardano whales holding between 100 million and one billion tokens. 

(By Ndianabasi Tom)