Santiment Uncovers the Quiet Activities of Cardano (ADA) Whales

crypthub

about 3 hours ago

Whale Accumulation

Mid‑size to large Cardano wallets (100 K–100 M ADA) added about 819 million ADA in the last six months, roughly 1.6 % of total supply. Their holdings rose from 24.54 billion to 25.35 billion tokens, increasing their share of circulating ADA from 66.84 % to 68.44 %. At current prices this represents roughly $213.9 million of net purchases. The data, released by Santiment, shows sustained confidence despite the market slump.

Price Decline and Investor Reaction

During the same period ADA fell from $0.90 to $0.26, a drop of more than 70 %. While retail sentiment weakened, large‑balance wallets treated the correction as a buying opportunity. This behavior mirrors past cycles where whales accumulate in bearish phases and sell on optimism. The divergence between price and whale activity highlights a longer‑term outlook among major holders.

Future Outlook

Analysts on The Moon Show suggest Cardano could rebound if broader crypto markets recover, citing the $0.27–$0.29 support zone as a potential catalyst. Maintaining stability near this level might trigger an upward move similar to earlier cycles. Conversely, a break below $0.27 could extend the downtrend. Overall, the continued whale accumulation signals measured confidence in Cardano’s longer‑term prospects.