Cardano Sets Transaction High While Whales Sell and Active Addresses Drop
Cardano recorded an all-time high of 1,780,896 transactions in Epoch 660, with an average of 83.83 transactions per block and about 337,720 ADA in fees. At the same time, large holders sold more than 110 million ADA over five days, and daily active addresses fell 41.36% to 15,977. The article highlights the divergence between record throughput and weakening participation.
Cardano’s Epoch 660 reached 1,780,896 transactions, exceeding the prior peak of 1,566,974 from Epoch 304. Blocks averaged 83.83 transactions, and fees totaled about 337,720 ADA, indicating unusually heavy ledger activity during that period.
At the same time, large holders moved over 110 million ADA out within five days. Daily active addresses declined 41.36%, from 27,248 to 15,977, suggesting fewer distinct users or more concentrated automated activity even as total transactions rose.
The mixed signals could affect Cardano holders and traders by increasing uncertainty around short-term price direction, especially if $0.24 support is tested. Broader crypto observers may see it as a reminder that record throughput alone does not guarantee wider adoption. If participation keeps falling while large holders sell, retail investors could face sharper volatility, while developers and businesses may weigh whether network activity reflects durable demand.