Whales Buy ADA at Lower Prices Amid Ongoing Decline

Cardano's price has been declining this week, dropping more than 7% to around $0.210 on Friday.

Despite the decline, some large investors, known as whales, have been accumulating ADA tokens during the price correction.

According to Santiment's Supply Distribution data, wallets holding between 10 million and 100 million ADA have accumulated approximately 160 million tokens since Sunday.

This accumulation indicates that some whales continue to view the lower prices as a long-term buying opportunity, but it has yet to generate enough demand to reverse ADA's short-term decline.