What Cardano Whales’ $161 Million ADA Accumulation Means for Price
Cardano whales are accumulating $161 million in ADA while retail investors sell, potentially signaling a market rebound.Summary
Cardano (ADA) has seen a 19% price decline over the last two months, yet on-chain data reveals significant accumulation by large holders, or whales. Addresses holding between 100,000 and 100 million ADA have accumulated 454.7 million ADA, valued at $161.42 million, indicating strong conviction among major participants. Conversely, smaller retail wallets have been offloading the asset. This divergence—whales buying while retail capitulates—is historically viewed as an ideal setup for an eventual rebound once markets stabilize, according to Santiment. Fundamental adoption remains strong, with ADA holder numbers growing and Total Value Locked (TVL) in DeFi holding steady near 460 million ADA. Technically, some analysts suggest ADA is consolidating in a demand zone, setting potential upside targets at $0.6386, $0.9358, and $1.3285, provided support holds. However, the bullish case faces resistance from overhead sell walls, meaning ADA needs to overcome these supply clusters for a sustained recovery.
(Source：BeInCrypto)