Cardano whales have recently acquired 40 million ADA, worth $31.6 million, leading to increased on-chain activity and a price surge.
Cardano has risen 20% in the past week, reaching $0.7942, with its price now at a key resistance zone between $0.77 and $0.80.
ADA has secured a spot in Grayscale's Digital Large Cap Fund's Top 10 Crypto Assets, ranking 4th in terms of 1-week gains.
Cardano's exposure to institutional investors is growing, indicating growing confidence in its long-term utility and value, with upcoming Ouroboros Leios upgrade anticipated to make it the fastest cryptocurrency.