Cardano Sees $180M ADA Accumulation, Triggers Price Rally

Cardano Sees $180M ADA Accumulation, Triggers Price Rally
By Emma Foster

Whale Activity Sets Market in Motion

Cardano (ADA) is back in the spotlight after large investors accumulated roughly 180 million ADA in less than two days. The move sent the token’s price up 9%, turning it into one of the strongest performers in the altcoin market this week.

At the time of reporting, ADA is trading close to $0.92, bouncing from lows near $0.82.

Behind the Whale Spree

On-chain data shows the buying came from wallets holding 10 million–100 million ADA. These whales aren’t chasing short-term flips—they appear to be making long-term bets.

The accumulation happened in the $0.85–$0.90 range, a zone that has acted as strong support in recent weeks. Traders now see this base as a springboard for a possible breakout.

Ecosystem Momentum Builds

Whale activity is only part of the story. Cardano’s DeFi ecosystem is also expanding:

  • Its Total Value Locked (TVL) just crossed $400 million.
  • The Hydra upgrade promises faster and cheaper transactions.
  • Developer activity continues to grow, with more smart contracts deployed.

These factors give whales fundamental reasons to accumulate—not just technical ones.

Technical Picture: Eyes on $1 Barrier

The key test now is whether ADA can break through $1.00.

  • Support: $0.85–$0.90
  • Resistance: $0.98–$1.00
  • Bullish target: Clearing $1.16 could pave the way toward $2.50 and beyond.

Historical Context

The last time whales heavily accumulated near the $1 level, ADA doubled in price within two months. Traders are watching closely to see if history repeats itself.

Broader Market Impact

The whale-driven rally underscores a few big shifts:

  • Institutional interest is spreading beyond Bitcoin and Ethereum.
  • DeFi adoption is turning Cardano from theory into utility.
  • Market psychology shows that breaking round numbers like $1 can spark retail momentum.

Confidence Returns to ADA

The $180 million whale buy-up highlights renewed conviction in Cardano’s potential. With stronger fundamentals and a technical setup aligning, ADA could be preparing for its next growth phase.

Key Takeaways

  • Whales purchased 180M ADA in 48 hours.
  • ADA price surged 9%, reclaiming above $0.90.
  • Cardano DeFi TVL surpassed $400M, showing traction.
  • Hydra upgrade boosts scalability prospects.
  • Last time whales accumulated near $1, ADA doubled in two months.
  • Next test: breaking $1.00 resistance.

Comments

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and carry significant risk. Always conduct your own research and consult with qualified financial advisors before making investment decisions. Hodl Horizon is not responsible for any financial losses incurred from actions taken based on the information provided in this article.

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