Cardano Investors Quietly Accumulate Amidst Price Pressure

Despite Cardano's (ADA) recent price downturn, investor activity indicates a growing conviction among key holders. According to data from Santiment, whales and sharks have been quietly buying up their holdings over the past 6 months.

The accumulation is centered around these key investors, who have cumulatively acquired more than 819.4 million ADA, valued at over $213.9 million during this period.

This suggests that long-term traders remain resilient and could be preparing for a potential recovery in the altcoin's price.