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Benzinga
Benzinga
Business
Adrian Zmudzinski

Whales Massively Lapped Up The Dip In This Ethereum Rival Last Week

ADA Cardano

Cryptocurrency whales — crypto-speak for major holders — stockpiled an unprecedented number of Cardano (CRYPTO: ADA) coins last week as the total value locked in the network's decentralized finance (DeFi) ecosystem reached a new all-time high of nearly $161 million.

What Happened: The balance held by addresses with 1 million to 10 million coins rose to a record of 12 billion ADA (worth just under $10 million as of press time),  CoinDesk reported on Monday.

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