- Whales and sharks accumulated 348 million ADA (worth $204.3M) in the last four days.
- Large holders added 0.94% of Cardano’s circulating supply during the accumulation spike.
- Wallets holding 100k to 100 million ADA have sharply increased their balances during the price dip, signaling strong strategic accumulation.
Cardano (ADA) is witnessing a notable surge in accumulation activity from its largest holders. According to data shared by on-chain analytics platform Santiment, whales and sharks have aggressively built up their ADA positions since the token slipped below its key level of $0.50 last week.
In fact, in the last four days alone, wallets with 100,000 to 100 million ADA have collectively gathered 348 million ADA. A sum now valued at approximately $204.3 million, with current market prices taken into account. This swift rise in buying volume is considered one of the strongest accumulation spikes in recent months.
Whales Add Nearly 1% of Total ADA Supply
Data from Santiment also indicates that in the same four-day period, these major stakeholders have collectively added 0.94% of the total Cardano (ADA) supply in circulation. A rise like this is a significant change in on-chain behavior, mainly following a period of reduced activity among mid-sized investors.
Large-scale accumulation following a price correction has often been viewed as a sign of restored confidence among the key members within a market. In the context of ADA, this would suggest that long-term investors may consider the $0.50 range to be an ideal time to buy in the hope of market recoveries.
Also Read: Ouroboros Phalanx: How Cardano Will Cut Settlement Times by 30%
ADA Eyes Recovery Toward $0.60
Santiment’s accompanying chart highlights that whales and sharks are adding aggressively as Cardano (ADA) attempts to reclaim the $0.60 region, a level that acted as both support and resistance. If accumulation continues at this pace, Cardano (ADA) could see increased price strength in the short term, though a move back to $0.60 will depend on external market factors, including Bitcoin’s (BTC) trend and macroeconomic conditions.
On-Chain Wallet Data Confirms Sharp Uptick in ADA Accumulation
The attached Santiment chart highlights the accumulation narrative by showing a clear rise in Cardano (ADA) holdings among wallets containing 100,000 to 100 million ADA.
As the price dipped below $0.50, these wallets began steadily absorbing supply, pushing their collective share higher over the past several days. This corresponding increase indeed implies coordinated buying behavior from whales and sharks exactly when the market has weakened, which is historically the trend that often marks attempts at recovery.
Caradano’s (ADA) Current Trend
ADA currently has a market capitalization of approximately $20.53 billion with a trading volume of about $822.59 million in the last 24 hours. At press time, the altcoin is trading at $0.573, having decreased by 2.03% over the last 24 hours.
In conclusion, the latest data from Santiment highlights a significant and possibly calculated shift among Cardano’s largest holders. With 348 million ADA collected in just a few days, whale confidence appears to be building even as price action remains uncertain. If this trend continues, ADA could enter a phase where on-chain strength begins to reflect more clearly in market performance.
Also Read: Cardano Technical Outlook: ADA Holds Support at $0.52, Setting Stage for $1.15 Rally
