According to on-chain analytics firm Santiment, Cardano addresses holding between 100,000 and 1 million ADA have gobbled-up large amounts of tokens. Reportedly, they have scooped up over 16 million tokens in only 24 hours as developer activity on Cardano surges. Last month, Cardano’s transaction volume reached $12.7 billion over a short period, to more than double Ethereum’s $6.3 billion transaction volume.