Cardano Price Balloons 107% As Whales Scoop Up 1.41 Billion ADA
As large companies increase their participation in the cryptocurrency industry, the Cardano ecosystem is undergoing dramatic changes. According to recent data, wallets holding more than 1 million ADAs have been growing rapidly since November 2023, adding 1.41 billion ADA tokens. This significant accumulation, which accounts for 2.35% of Cardano’s total supply, conveys a clear statement about the agency’s support for the project.
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Cardano: Whale activity signal market confidence
The whale’s movement is nothing more than a significant result: Santiment’s research shows that prices have risen 107% since the craze of these wallets began to accumulate.
Market observers point out that this is not only another pumping and lowering situation. Instead, it marks a fundamental change in the long-term possibilities of big investors looking at Cardano in the Brodaer crypto scenario.
Cardano’s market cap recovered +11% in a day when most cryptocurrencies were falling back. One thing that continues to watch is the continuous behavior of whales and sharks.
Hold the wallet at least 1m $ ada Since late November 2023, it has been accumulating… pic.twitter.com/pthcqrcrc7
– santiment(@santimentFeed) February 11, 2025
Long-term holders show firm belief
A closer look at Intothe Block statistics shows interesting situations in changing investment behavior.
Long-term ADA holders have increased their position by 1.81%, demonstrating a smart investment strategy. The most notable change comes from mid-term investors, sometimes referred to as “cruisers”, whose stake has increased by 7.65%.
This increases the direction of investors’ choice of stable expansion above temporary growth. Meanwhile, short-term traders apparently got rid of speculative trading by reducing their exposure by 11.75%.
Technical indicators point to possible price discovery
For Cardano, challenging terrain is opening the door to opportunities. Crypto Guru Trader Steve makes a stunning comparison between the recent price movements in XRP and the current market structure of ADA.
I have a gut feeling that this is ready to pull one $ xrp I’m bidding for Fibonacci.
Is anyone still holding this? pic.twitter.com/EW2G7Q1QMF
– TraderSteve_(@tradersteve_) February 8, 2025
The main support levels of 62% and 78% of the Fibonacci countertraining zones provide a strong foundation for the ultimate uptrend. Even though the ADA hasn’t returned to its all-time high of $1.32 in December 2024, many experts are still optimistic about its future. A respected member of Yoel Jr. emphasized the importance of $0.81 as a stop point to confirm positive progress.
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Price targets and entry opportunities
According to Jonathan Carter’s study of the daily chart, the ADA may be ready for its next major move and hopefully bullfighting flag. According to Carter, the $0.60 level has been retested, which will be available to investors who want to create strategic access points.
The path forward includes three important pricing goals: $0.845, $1 and $1.325. These layers mark a potential pause point for Cardano’s unprecedented path to success.
Although crypto markets are always volatile, the combination of whales’ accumulation, strong holder beliefs and good technical setup points to Cardano positioning itself as a large-market campaign in the coming months.
Featured images from DALL-E, charts from TradingView
