Cardano Whales Accumulate as Price Drops to Historic Lows

Cardano's (ADA) price has dropped significantly in recent times, trading near $0.15 in July 2026. However, an analyst believes that this could be a sign of a potential accumulation phase rather than the end of its growth story.

The analyst notes that ADA is currently trading at 90% below its all-time high and is in a historical bottoming range seen during previous crypto bear markets. The $0.14 level remains a critical support area after buyers defended it during June's sell-off.

Whale accumulation shows confidence in the project, with wallets holding 1 million or more ADA now controlling 67.5% of the circulating supply. This mirrors previous crypto cycles where large investors quietly accumulated while retail sentiment remained extremely negative.

The analyst also highlights three major developments that could strengthen Cardano's ecosystem: Leios Scaling Upgrade, RealFi Expansion, and Van Rossem Hard Fork July 18. These upgrades aim to improve scalability, adoption, and smart contract capabilities.