Over 120 Million Cardano (ADA) in Two Weeks. Here’s What Happened
2025-07-09 15:47:20
Main Idea
Cardano (ADA) has seen significant whale accumulation, with over 120 million ADA bought in two weeks, signaling renewed confidence and potential for a price breakout.
Key Points
1. Whales acquired over 120 million ADA in two weeks, indicating growing confidence in ADA's long-term value.
2. ADA is trading in a tight range ($0.66-$0.74), with $0.70 as a critical resistance level; a breakout could target $0.83 or $0.91.
3. On-chain analytics confirm the accumulation, with wallets holding 1-10 million ADA showing increased activity.
4. Ecosystem growth, such as Cardinal and rising TVL, may be driving demand, alongside optimism for a potential Cardano Spot ETF.
5. If ADA holds above $0.70 and whale activity continues, it could mark a new phase in its market cycle.
Description
Cardano (ADA) is back in the spotlight after prominent crypto analyst Ali reported a massive accumulation by whales —wallets holding large amounts of cryptocurrency, who have collectively acquired more than 120 million ADA in just the past two weeks. The development, shared via Ali’s post on X, signals a significant shift in investor sentiment, with large players positioning themselves for what could be a strong upward move. Whale Accumulation Signals Renewed Confidence According to Ali’s analys...
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