$ADA$ HYSTERIA (PART 3)

Adding fuel to the fire, the SEC, in its recent spat with US crypto exchanges, slapped ADA with the 'security' tag. This may well be sparking the uptick in transaction volumes as panic selling sets in.

The number of ADA whales has dwindled from 158 to 142, accounting for a 3% drop in the total token supply. Now, retail investors are filling the void left by their departure, indicating a changing of the guard, as the big fish offload their tokens onto the small fry.

According to data by Gate.io cryptocurrency exchange, daily active addresses have shot up by 41.5% in the last week, thanks to a flurry of DeFi activity that's pushed the Total Value Locked (TVL) to annual highs. Total ADA addresses are also on the rise, signalling an influx of Cardano virgins alongside those keen on spreading their assets across multiple wallets. Interestingly, Twitter sentiment is resoundingly pro-ADA, with the tweet sphere buzzing with over 12,000 positive tweets versus a paltry 1,500 negative ones.