Santiment Spoke for the Altcoin Chosen by Trump: Price and Movement Increasing! - Coin Bulletin

The movement in the price of the altcoin chosen by Donald Trump for reserves is attracting attention by mobilizing major players.

According to Santiment data, Cardano, which is claimed to be among the 5 cryptocurrencies selected by Donald Trump for the US reserves (ADA), surged to $1.13 with significant investor interest. This rise was supported by reaching the highest level of large transfers on the network in the last 3 months. The sudden increase seen in transactions over $100,000 indicated that a significant amount of ADA was reintroduced into circulation from wallets that had been inactive for a long time.

According to on-chain data, there have been 2,671 transactions of over $100,000 on the Cardano network, and this activity has caused a sharp drop in the average token age in wallets. This sudden surge in whale movements indicates that large investors are either offloading ADA or reintroducing it into circulation, while Santiment has pointed out that such large transfers typically increase volatility.

According to Santiment, the increase in whale transactions directly affected the ADA price and led to a short-term price surge. After reaching $1.13, the ADA price experienced a rapid correction, falling back to the $0.85 levels. This indicates that profit-taking has come into play in the market.

The inclusion of Cardano among the cryptocurrencies selected by Trump for the US reserves may have increased the major investor interest in ADA. The activation of whales and the sudden rise in price indicate a strong ongoing interest in ADA in the market.