Cardano Price Holds Steady as Whales Accumulate ADA

Cardano's price has been trading near $0.26 in recent days, with traders closely monitoring the token's performance as it approaches the key $0.30 resistance level. The ADA price has experienced a choppy week due to renewed concerns over US tariffs, which have put pressure on risk appetite across altcoins.

According to Santiment data, large wallets holding between 100K-100M ADA have accumulated approximately 819 million ADA in the past six months, with their share of total ADA supply increasing from 66.84% to 68.44%. This steady buying activity suggests stronger hands are holding onto interest at multi-month lows.

Grayscale's Smart Contract Fund has also increased its weighting of ADA to approximately 20.20%, making it the third-largest component in the fund, behind Solana and Ethereum. This development highlights the growing institutional interest in Cardano, which may have a positive impact on the token's price in the short term.