Cardano’s on-chain data shows wallets labeled as whales and sharks added about 819 million ADA over the past six months, valued at roughly $239 million at current prices. With this move, these holders control about 25.35 billion ADA, or 68.44% of the total supply, according to on-chain trackers. The accumulation indicates a long-term conviction for ADA, even as the token trades lower.
While the price has underperformed, large holders continue to increase exposure, potentially tightening the available supply if market conditions improve. Analysts note that ADA remains below key resistance levels, with the next notable barrier around $0.38.
A successful retest of the $0.27 support and other technical confirmations would be needed to sustain a rally. The ongoing accumulation signals confidence that ADA could recover in the mid- to long term.
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