Cardano Quietly Rebounds Amid Strong Buying Pressure and Whale Accumulation

Cardano's (ADA) price has surged by almost 26% over the past week, reaching $0.195 for the first time since July 4.

This rally comes as some holders remain on the sidelines, with a decline in non-empty wallets from two months ago.

Large investors have stepped in, accumulating over 240 million ADA in just five days, according to Ali Martinez.

The token's recent price action has drawn comparisons to its 2020-2021 performance, with some analysts predicting a possible move toward $2.90.