Cardano Whales Remain Bullish Amid ADA Price Drop

Cardano has experienced a significant price decline over the past six months, dropping from $0.90 to $0.26. However, despite this, large investors, or 'whales,' continue to accumulate ADA tokens. According to Santiment analysts, these whales now hold 68.44% of all circulating ADA tokens, up from 66.84% six months ago.

Their buying activity suggests that they are confident in Cardano's long-term growth and see the current price drop as a temporary phenomenon. This behavior is typical of experienced market participants who take advantage of market fluctuations to purchase cryptocurrencies at discounted prices.