Cardano Whales Accumulate 240 Million ADA Tokens, Price Surges 22%

Cardano's price has surged by 22% in recent days, thanks to large holders accumulating over 240 million ADA tokens. This significant increase in whale holdings has driven a sharp recovery for the cryptocurrency.

Data from onchain analytics platform Santiment shows that whales have increased their combined holdings to approximately 14.5 billion ADA over the past five days.

The price surge coincided with Cardano's momentum, rebounding 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.