Cardano Soars as Whales Accumulate Over 240 Million ADA

Cardano's price has surged 22% over the past few days as large holders accumulated more than 240 million ADA in five days. According to Santiment, these whales now hold approximately 14.5 billion ADA.

This significant increase in accumulation coincided with Cardano's price recovery from around $0.16 to nearly $0.19 before experiencing a minor pullback. Despite losing some ground from its recent high, ADA has managed to preserve most of its recovery gains.

Notably, Cardano traded relatively flat on Monday, holding near the $0.18 mark as investors balanced out following the recent surge. The token remains up more than 11% over the past seven days, making it one of the stronger performers among major cryptocurrencies during the recent recovery.