The recent behavior of major Cardano investors is showing a strong signal of confidence in the long-term potential of the cryptocurrency.
According to on-chain data from Santiment, whale and shark holders have been aggressively accumulating ADA positions over the past six months, despite Cardano's 71% price decline. This increase in holdings has contributed to a significant boost in their collective share of the total supply, with wallets holding between 100,000 and 100 million ADA adding around 819.4 million ADA, valued at about $213.9 million.
While institutional sentiment may be improving subtly, with Grayscale Investments recently increasing Cardano's weighting in its Smart Contract Fund by a small margin, the increase in whale and shark holdings is seen as a more significant indicator of long-term confidence. Historically, sustained buying by large investors has preceded notable price recoveries.
Cardano's ongoing technological evolution remains in focus, with the upcoming Midnight sidechain poised to expand its capabilities beyond standard smart contracts. The introduction of privacy-enabled stablecoins and strong institutional backing for validators such as MoneyGram, eToro, and Vodafone could position Cardano at the forefront of compliant, privacy-focused blockchain solutions.