- Cardano whales bought over 220 million ADA, worth $61 million, during the recent price dip.
- Long-term holders are staying put, signaling confidence and a potential price recovery if ADA clears key resistance levels.
Cardano (ADA) whales have scooped up over 220 million tokens, worth more than $61 million, during the recent price dip. Large investors are buying aggressively as ADA hovers near $0.278, signaling confidence in the coin’s short-term recovery.
Whales Show Confidence in ADA
Addresses holding 10 million to 100 million ADA added more tokens while prices were low. This pattern often reflects strategic buying during weak market phases. Meanwhile, Cardano’s Mean Coin Age metric hit a three-month high. Coins held long-term are staying dormant, showing that holders prefer holding rather than selling.
The combination of whale accumulation and long-term dormancy can reduce circulating supply and support a price floor. Currently, ADA is testing $0.271. A bounce from this level could open the path toward $0.303 and even $0.354.
Key Resistance and Risks
ADA’s recovery is not guaranteed. If it fails to pass $0.303, sellers could push the price back under $0.271, with $0.245 as the next downside target. Market volatility remains a risk, as broader sell-offs can outweigh on-chain signals.
Still, the buying wave and rising Mean Coin Age suggest large holders see value at current levels. Historically, whale accumulation during dips often precedes periods of price stabilization and growth.
Cardano’s recent whale activity points to growing confidence among major holders. Active accumulation combined with dormant long-term coins could create supply pressure, helping ADA hold support and recover if broader market conditions cooperate.
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