Cardano Whales Fuel Bullish Momentum with Massive ADA Accumulation

Cardano (ADA) whales have been quietly accumulating large amounts of the cryptocurrency over the past six months, with nearly 1 billion ADA added to their holdings. According to analytics firm Santiment, wallets holding between 100,000 and 100 million ADA have collectively purchased approximately 819.4 million coins during this period.

The accumulation represents around 1.6% of the total ADA supply and is valued at over $200 million at current prices. This buying spree has unfolded despite a prolonged price decline for ADA, which has fallen more than 70% from its local high near $0.90 to recent lows around $0.26.

The divergence between price action and whale accumulation may indicate that some investors view current levels as a strategic entry zone. Historically, sustained buying by large holders during downturns has been seen as a sign of long-term confidence in an asset.