Cardano Whales Accumulate Record ADA Holdings: Will ADA Price Recover?

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<a href="https://minority-mindset.com/ada-usd/">Cardano</a> Whales Accumulate Record <a href="https://bbg-news.com/ada-usd/">ADA</a> Holdings as Retail Selling Surges—Will ADA Price Recover?

Cardano (ADA) has been facing significant selling pressure for some time, even with the recent ups and downs in the crypto market. Over the last day, its price has dropped almost 2.7%, currently trading around $0.265, and it’s not keeping pace with the overall crypto market. Interestingly, trading activity has increased by over 7%, which could indicate that sellers are currently dominating the market in the short term.

Although individual investors are still selling, data from the blockchain shows that large ADA holders – often called ‘whales’ – are actually buying more. This suggests they remain optimistic about ADA’s future, even with the recent price drops.

The growing difference between how much ADA is being held by large investors and how much is being bought by regular customers is causing concern in the market. It’s unclear whether this large accumulation will lead to a price increase for ADA, or if the overall market’s struggles will continue to pull prices down in the short term.

Cardano Whales Quietly Accumulate While Retail Continues Selling

Even though Cardano’s price remains near its recent lows, major ADA holders are behaving differently than most traders. New data from Santiment shows that wallets with at least 1 million ADA tokens have collectively increased their holdings to over 25 billion tokens – a first for the cryptocurrency.

The data indicates that large Cardano investors—those holding significant amounts of ADA, sometimes called “whales” or “ADA millionaires”—are actively buying more ADA, even though the price has been falling for some time.

Here’s what the data indicates:

  • Wallets holding at least 1 million ADA now collectively own more than 25 billion ADA tokens for the first time ever.
  • These wallets currently control about 67.47% of Cardano’s total circulating supply, marking the highest concentration since July 2020.
  • Interestingly, this accumulation is happening while the ADA price remains near multi-year lows around the $0.26 range.

The chart shows that large investors are consistently buying and holding the asset. This pattern, where these major holders increase their investments during market dips, usually indicates they believe the asset will perform well in the future.

ADA Price Tests Key Support as Momentum Indicators Turn Bearish

As I’ve been tracking Cardano, I’ve noticed something interesting. Even though large investors – we call them ‘whales’ – are clearly buying ADA, the price isn’t holding steady. In fact, it’s showing some short-term weakness, and seems to be losing steam around a key support level. Looking at the 4-hour price chart, ADA attempted a recovery towards $0.29 but couldn’t maintain it, and is now pulling back. However, the overall price pattern still suggests a potentially bullish reversal, forming what we call a parabolic shape – which is encouraging.

The price recently hit a resistance level and couldn’t break through, indicating that buyers are losing some power in the near future. Momentum is also decreasing, with indicators like the MACD and RSI turning negative, although they suggest a potential price increase is still possible. If the price stays above the $0.26 support level, we can likely expect a recovery. However, if it falls below that, it could drop to $0.24 and potentially even lower to $0.234.

If buyers can maintain the current support level, the price could potentially increase to $0.30, breaking through the resistance at $0.29.

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2026-05-14 12:21