$ ADA: Cardano ‘sharks’ are hungry again, says the Blockchain Analytics company

Behavioral analysis firm Santiment says that according to on-chain data, Cardano ($ ADA) “shark” addresses have gone into accumulation mode.

In a tweet sent out last Saturday (July 9), Santiment noticed that which #CardanoThe price performance has remained particularly overwhelming in 2022, addresses with 10k – 100k $ ADA accumulates now. “In fact” they have added 79.1 m $ ADA to their collective bags in 30 days. ” In the case of 100,000 – 10 m whales, they have “ceased dumping.”

In, Sebastien Guillemot, CTO of the blockchain company dcSpark, explained that – after the Vasil upgrade – certain new features in the Cardano protocol will allow “many ERC20 tokens” to be transferred to Cardano ($ ADA).

When it comes to Bitcoin, the company pointed out that” #Bitcoin addresses with between 10 and 100 $ BTC has stacked #Satoshis on this decline, and has increased its total holdings to 4.29 million $ BTC“Furthermore, Santiment says that” in the last 5 weeks, as prices have dropped to -27%, they have added 52,000 more coins to their wallets. “

To return to the Cardano news, July 4, Sebastien Guillemot, CTO of blockchain company dcSpark, explained that – following the Vasil upgrade – certain new features in the Cardano protocol will make it possible to transfer “many ERC20 tokens” to Cardano ($ ADA).

dcSpark CTO, former VP of Engineering & Cardano Product Manager at EMURGO, took to Twitter to point out one of the huge gifts that the upcoming Vasil hard fork (expected to take place around the end of this month) will deliver, namely that it will make it possible to port “a new class of tokens” from Ethereum to Cardano:

Guillemot went on to say:

• “A challenge with this is that even if they are now to be supported at protocol level, it will take some time before the tool around these is built. In particular, it will require some major changes in how wallets handle tokens“
• “Inline dates and reference inputs allow this together … tokens owned by contracts are something that was not really possible right before Vasil where you have some options to do this“
• “Native assets will be significantly cheaper to use and will probably always be a better ux“

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