Cardano delegation governance rights expanded to 11 community representatives, ADA whale holdings increase release a positive signal

【Crypto World】Cardano has taken another substantial step in decentralized governance. Recently, an additional 220 million ADA tokens were delegated to 11 community representatives, bringing the total delegation to 360 million tokens, equivalent to a weight of nearly $80 million. This is not just a numbers game; it reflects the project’s determination to gradually transfer governance rights to the community.

Meanwhile, Midnight, a privacy-focused sidechain under Cardano, has new developments. Collaboration with AlphaTON Capital is underway, targeting Telegram’s large user base and planning to launch AI products centered on privacy. This indicates that the value of privacy in the Web3 sector is increasingly being recognized.

However, the market price seems to have not fully digested these positive signals. ADA is currently hovering around $0.36, lacking clear upward momentum. Interestingly, on-chain data shows that whales continue to buy, with an increase of over 200 million ADA, indicating that large investors still have confidence in Cardano’s long-term prospects. Such institutional behavior is often more meaningful than short-term price fluctuations.