Cardano Whales Load Up on $53M ADA, But Price Remains Stuck

Cardano (ADA) whales have been on a buying spree, snapping up more than 220 million tokens worth around $53 million over the past week. This surge in large-wallet holdings has lifted the total to nearly 13.84 billion ADA, but the price remains stuck below the critical 50-day exponential moving average at $0.275.

The buying pattern suggests deliberate base-building, rather than reactive speculation, as large holders steadily absorbed supply rather than chasing short-term price moves. This accumulation has tightened available liquidity on exchanges and reduced immediate sell-side pressure.

However, despite the accumulation, ADA has traded near $0.24 at the time of writing, unable to reclaim the 50 EMA that has capped recovery attempts. Resistance at $0.335 adds another ceiling, while a prior rejection from $0.424 confirms persistent selling at higher levels.