Cardano Whales Buy the Dip as ADA Holds Above Key Moving Averages

Cardano's price has dropped over 7% this week, falling to around $0.210 on Friday.

Despite this decline, some large investors, or 'whales', have been buying ADA during the latest price correction.

Santiment's Supply Distribution data shows that wallets holding between 10 million and 100 million ADA accumulated approximately 160 million tokens since Sunday.

This accumulation has yet to generate enough demand to reverse Cardano's short-term decline, but it could support a positive longer-term outlook.