Cardano Price Jumps as Whales Accumulate Over 30 Million ADA

The Cardano price has been on an upward trajectory in recent days, reclaiming its spot as one of the top 15 cryptocurrencies by market capitalization.

According to Santiment data, large holders have accumulated over 30 million ADA in the past week, pushing its prediction higher. This buying trend suggests that bigger investors are continuing to add to their holdings despite the recent pullback.

The accumulation of ADA has also led to a notable increase in wallet balances, with wallets holding between 100,000 and 100 million ADA reaching a combined 25.6 billion ADA - the highest balance in roughly three and a half years.

Charles Hoskinson, the founder of Cardano, has reiterated his belief that ADA could return to the top 10 before the year's end, but traders will likely wait for technical confirmation before calling for a sustained recovery.