Large Cardano (ADA) holders have been quietly building positions this month, with crypto on-chain watcher Ali Martinez tweeting that “150 million Cardano $ADA accumulated by whales in the last 2 weeks!” This wave of accumulation arrived as ADA traded in the low-to-mid $0.80s this week, with CoinGecko’s live feed showing the token around $0.83 today.
The price action over the preceding days featured choppy intraday swings, but market participants say the recent whale buying has helped shore up near-term support. Large addresses have been adding tens to hundreds of millions of ADA across exchanges and private wallets.
Experts tie the buying to a mix of renewed confidence in Cardano’s long-term roadmap and short-term positioning ahead of possible ecosystem catalysts, with several analysts noting that this cluster of purchases resembles the kind of “smart-money” accumulation that precedes stronger rallies.
Technical View
Traders watching ADA have pointed to roughly $0.85 as an important near-term floor: bulls appear to be defending that level while $1.00 remains the clear psychological resistance to overcome before a broader leg higher can take shape.
Some market experts outlined more ambitious upside scenarios if buying persists, suggesting targets in the $1.10–$1.50 band in bullish continuations, while cautioning that those are conditional on follow-through from retail liquidity and broader market sentiment.
It’s worth stressing that whale accumulation is not an automatic guarantee of immediate price appreciation. Long-term holders buy for many reasons, portfolio rebalancing, OTC purchases, or simply stocking up at perceived discounts, and large wallets can also sell into strength.
Several analysts reminded that on-chain flows are only one piece of the puzzle; macro liquidity, exchange order books and retail participation will determine whether these flows translate into a sustainable breakout or a period of consolidation. For now, the market will be watching on-chain metrics for any continued concentration of ADA in whale addresses and monitoring key price levels.
If the recent accumulation is indeed a prelude to stronger demand, traders will want to see sustained bids above the $0.85 area and eventually a convincing break of $1.00. If those levels fail, the same whale activity could simply mark a defensive accumulation that limits downside rather than sparks a rally.
