Large Crypto Whales Buy 100M ADA as Price Holds Between $0.86–$0.88
Large cryptocurrency investors, often referred to as “whales,” have recently accumulated 100 million Cardano (ADA) tokens within a 24-hour period, increasing their total holdings to 18.65 billion ADA, according to market analysis firm Crypto Update IO[1]. This significant buying activity occurred as ADA traded between $0.86 and $0.88, a range that some technical analysts believe may indicate a buildup ahead of a larger price movement.
The recent accumulation appears to be part of a broader pattern observed by market observers, who note that whale activity often intensifies during periods of price weakness. In this case, the timing aligns with a 10% weekly decline in ADA’s price, suggesting that institutional investors may be…
