Yes

>>Cardano 'whale' holdings reach four-month peak following consistent accumulation

Cardano 'whale' holdings reach four-month peak following consistent accumulation

crypthub

about 3 hours ago

Whale Activity on Cardano

On‑chain data shows a surge in Cardano wallets holding over 10 million ADA, indicating new big‑money participants. Santiment reports a four‑month peak in such whales, equivalent to roughly $2.4 million each at current prices. These large holders are commonly referred to as “whales,” and their influx suggests heightened investor confidence.

Supply Distribution Trends

The “Supply Distribution” metric, which counts addresses in each token‑holding cohort, rose 5.2 % over the past nine weeks, reaching 424 whale addresses – the highest since early December. A brief dip at the end of January corresponded with a market crash, highlighting the metric’s volatility. Continuous monitoring is advised because small shifts can trigger rapid reversals.

Implications and Market Context

The growing whale presence is seen as a bullish sign, with Cardano’s market value up 11 % since its February low. Yet the coin remains correlated with other altcoins in 2026, and its price fell 4 % to about $0.24 in the last 24 hours. Similar whale activity is noted on Dogecoin, where large holders accumulated 500 million tokens during a Bollinger Band squeeze, aiming for a breakout.