Cardano Leads Top 100 Cryptocurrencies with Stunning 25% Weekly Gain

Cardano has emerged as the top performer among the top 100 cryptocurrencies by market capitalization after posting a significant weekly gain of 25.03%. The price of ADA surged to $0.1956, outpacing its closest competitors.

The analytics firm Santiment highlighted Cardano's strength despite persistent fear, uncertainty, and doubt (FUD) among retail investors. In fact, the network has seen a decline in non-empty wallets over the past two months, from 7,070 fewer than it did two months ago.

Santiment believes that this unusual divergence points to accumulation by larger, more conviction-driven investors while retail participants remain cautious. This view is supported by Cardano whales accumulating 240 million ADA within five days, increasing their combined holdings to 14.5 billion ADA.