Cardano Whale Accumulation Hits Record High, Fostering Bullish Price Predictions

A recent surge in whale accumulation of Cardano (ADA) tokens has sparked bullish price predictions among analysts. According to data from Santiment, large holders now control a record high 67% of the total ADA supply, signaling their confidence in the cryptocurrency's future value.

This buying pressure is reflected in the current market trend, with ADA trading near $0.24 as of mid-May 2026. Analysts project that if this trend holds, ADA could reach $0.31 by the end of May, driven by the upcoming Leios scalability upgrade.