Cardano Whale Wallets Surge Amid Price Lows

Despite Cardano's (ADA) price remaining near multi-month lows, large ADA holders have reached a four-month high of 424 wallets each holding over 10 million tokens.

This significant increase in whale wallet count is a 5.2% rise over nine weeks, according to Santiment. The token has dropped almost 42% in three months and about 53% over the past year.

Cardano's price currently sits at $0.24, roughly 11% above its 2026 low set on February 5. Trading volume fell nearly 17% in the last 24 hours to just over $361M.

Santiment noted that sustained accumulation during subdued pricing could eventually create a bullish divergence.