Cardano's price has surged by over 5% in the past 24 hours, reversing recent lows and drawing interest from buyers across the broader crypto market.
Despite improving market conditions, on-chain activity suggests that large investors are quietly accumulating ADA, even as derivatives traders remain positioned for further downside.
According to on-chain data, wallets holding between 100,000 and 100 million ADA are accumulating at their fastest pace since 2023, controlling approximately 25.65 billion ADA.
The aggressive buying suggests that larger investors continue building positions despite months of subdued price performance.