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Cardano Price Skyrockets on Whale Accumulation and Rising OI

Guavy AI Editorial Team Published September 23, 2026

Instruments

ADA

Cardano's price has extended its gains, trading above $0.262 on Wednesday after a 14% rally this week.

The bullish momentum is supported by rising Open Interest (OI), positive funding rates, and signs of whale accumulation.

According to CoinGlass, OI for ADA has surged since mid-September, reaching 2.37 billion ADA coins on Wednesday.

This increase in OI alongside rising prices suggests new long positions are entering the market, signaling a bullish outlook for ADA.

Santiment's Supply Distribution data shows large-wallet holders (whales) buying ADA, supporting a positive outlook for the token.

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