Cardano Is Seeing Institutional Inflows for Four Reasons: Community

Profile picture
8w ago2022-06-17

According to ADA Whale, a Cardano community-focused Twitter account, there might be other reasons for Cardano's price increases in the previous weeks. Aside from positive expectations surrounding the upcoming Vasil hard fork, ADA Whale cites other reasons, such as "on/off chains, faulty staking mechanisms, VC dumps and overleveraged chaos elsewhere behind."

According to reports, Three Arrows Capital, or 3AC, a leading hedge fund in the space, is apparently nearing insolvency after $400 million in liquidations.