Cardano Whale Wallets Surge Amid Price Lows

Despite Cardano's (ADA) price remaining near multi-month lows, large holders have grown to a four-month high of 424 wallets, each carrying more than 10 million tokens.

This increase in 'whale' accumulation has sparked interest as ADA trades at $0.24, roughly 11% above its 2026 low set on February 5. The token's price has dropped almost 42% in three months and about 53% over the past year.

Santiment figures show that the whale wallet count rose 5.2% over nine weeks. Analysts have identified $0.245 as a support level, which preceded historical rallies of 85% and 200%. However, ADA remains below its 50-, 100-, and 200-day exponential moving averages, keeping the broader trend bearish.