The crypto market cap is once again above $1 trillion, and the market now seems to be heating up. A crypto enthusiast took to Twitter earlier this morning to share his own thoughts on what is happening in the market.
According to the post, the market has been going “crazy” with a number of huge transactions. Cardano (ADA), for example, had 105 transactions exceeding $100,000 on Friday of last week. In addition to this, several altcoin networks are observing massive whale transactions.
The poster also specifically mentioned that a fresh wallet received $313.1 million Bitcoin (BTC) in a single transaction. The flagship crypto has gained 40% this year, with its price having risen to $23,388 from $16,531 at the beginning of the year.
The post concluded by speculating that the increase in these large transactions could be a sign that the next altcoin bull run is around the corner.
Cardano / Tether US 1D (Source: TradingView)
After ADA’s exciting Friday, t…
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Source: Cryptocurrency - investing.com
