Whales Accumulate 180 Million Of Cardano’s $ADA In A Week, Is This A Sign For A Price Jump?

Crypto analyst Ali Martinez recently took to X (Twitter) to highlight a significant trend. He stated that whales bought over 180 million Cardano (ADA) tokens in the past week. This large-scale accumulation by big investors signals renewed institutional interest. 

It shows that high-net-worth individuals and funds are confident in Cardano’s long-term potential. Historically, such accumulation has been linked to price stabilization and even upward price trends.

Cardano’s ADA Price Actions

Cardano is currently trading at $0.7341, down by 2.92% in the last 24 hours. Despite this slight dip, the global market cap of ADA stands at $25.86 billion. The trading volume over the past 24 hours has increased by 8.92%. 

These market movements suggest that while there is short-term volatility, investor interest remains high. The increase in trading volume indicates that there is a good level of activity in the market.

Institutional and High-Net-Worth Interest

Data from Santiment shows that wallets holding between 1,000,000 and 10,000,000 ADA have boosted their holdings. This trend further confirms that institutional players are taking notice. 

The steady build-up of large positions can lead to a more stable price in the future. Analysts note that whale activity often comes before significant price moves. In this case, the recent surge in purchases hints at a potential rally in Cardano’s price.

Also Read: Cardano ($ADA) Marks Breakout Trajectory; Analyst Predicts $0.83 Target if Momentum Continues

Speculation and Price Predictions

Ali Martinez has also predicted Cardano’s price movement. He believes that ADA could see a 40% price increase shortly. This forecast comes even as the token has experienced a recent dip. Interestingly, Cardano experienced a sharp 15% surge after former U.S. 

President Donald Trump announced the launch of a U.S. Strategic Crypto Reserve. That move added an unexpected boost to Cardano’s price and market sentiment. 

Moreover, some speculators have pointed to a Simpsons’ prediction that ADA could rally as high as $36. While such predictions are bold, they add to the ongoing discussion among traders and enthusiasts.

Decentralized Governance Milestone

Cardano reached another important milestone earlier this year. In January, the network transitioned to full decentralized governance as the Plomin hard fork went live. This move marked a major step in the blockchain’s evolution. 

The transition empowers ADA holders to have more control over the network’s decisions. It also signals Cardano’s commitment to long-term decentralization. Such changes are seen as positive by many in the community and could help attract further investment.

The influx of whale buying indicates that there is significant confidence in Cardano’s future. While the token is facing short-term challenges, the steady increase in large investor activity may signal the start of a turnaround.

Also Read: Cardano Founder Praises XRP, Justifies Its Place In Trump’s U.S. Reserves List