Cardano Whales Return to Fuel Price Rally

Large Cardano (ADA) holders, often referred to as 'whales', increased their ADA holdings by over 240 million tokens in just five days. According to Santiment data, these whales now control approximately 14.5 billion ADA.

This buying activity coincided with a price recovery for ADA, which gained around 22% from its recent low of $0.16 to nearly $0.19.

The rise in whale holdings suggests that large investors continued to add exposure to the cryptocurrency at higher prices, potentially influencing market sentiment.