Cardano's native cryptocurrency, ADA, has experienced a notable resurgence over the past 24 hours, reaching $0.27 with a 3% daily gain. However, this recovery is tempered by the recent actions of large investors.
According to analyst Ali Martinez, whales have redistributed 230 million tokens worth around $63 million in just one week. This significant sell-off could weigh on the price for several reasons, including increased supply and weakened conviction among big holders.
Notably, this behavior contrasts with recent months, during which these large investors purchased nearly 820 million ADA between August 2025 and February this year.