Santiment Reveals What Cardano (ADA) Have Whales Are Doing Quietly

Large holders of Cardano have increased their ADA positions over the past six months, even as the asset experienced a steep decline in market value. Recent on-chain metrics indicate that wallets containing between 100,000 and 100 million ADA steadily accumulated tokens throughout the downturn, showing sustained confidence among high-balance investors despite unfavorable price conditions.

Data published by Santiment shows that these mid to large-sized holders collectively acquired approximately 819 million ADA during this period. This represents roughly 1.6% of the asset’s total circulating supply. The analytics firm shared its findings in a post on X, noting that the accumulation trend persisted even as retail sentiment weakened.

Six months ago, these wallets controlled about 24.54 billion ADA. Their combined holdings have since increased to approximately 25.35 billion tokens. This shows an estimated $213.9 million in additional purchases at current valuations. 

As a result, this cohort’s share of total supply has grown from 66.84% to 68.44%. The expansion in ownership concentration suggests that larger investors have taken advantage of lower prices to strengthen their positions.

This sustained buying activity occurred alongside a substantial correction in ADA’s market price. Over the same six-month period, the token fell from $0.90 to approximately $0.26, a decline of more than 70%. 

Such a drop usually coincides with heightened fear and reduced trading activity across the broader market. However, rather than reducing exposure, these high-value wallets appear to have seen the downturn as an opportunity to accumulate at discounted levels.

Meaning of Whale Behavior

The divergence between price performance and whale behavior is important. In many market cycles, large investors tend to build positions during periods of reduced enthusiasm and distribute holdings during phases of heightened optimism. 

The current data suggests a similar pattern may be unfolding. While price weakness has unsettled smaller participants, the steady expansion of whale holdings shows a long-term outlook different from short-term market sentiment.

Outlook From Market Participants 

Some industry commentators have repeated this perspective. During discussions on The Moon Show, co-host Crypto Kid argued that although not every alternative cryptocurrency is likely to recover from the present market contraction, certain established projects may be positioned for a rebound. Cardano has been mentioned among the networks that could benefit if overall market conditions improve.

From a technical standpoint, ADA was initially trading near the $0.27 level before increasing to $0.29. The $0.27 level previously served as a significant support zone. In an earlier market cycle, price action around this range preceded a substantial upward move.

If the token maintains stability at this level and broader digital asset markets regain strength, a comparable recovery scenario could develop. Conversely, a decisive breakdown below this area may expose the asset to additional selling pressure and extend the corrective phase.

Overall, the ongoing accumulation by wallets holding between 100,000 and 100 million ADA stands out against the prolonged price decline. The increase of more than 800 million tokens in whale addresses is evidence of a strategic shift toward consolidation rather than capitulation. While short-term volatility remains a possibility, the behavior of these larger holders shows measured confidence in Cardano’s longer-term prospects.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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