- Cardano whales and sharks acquired 348M ADA tokens worth $204.3M in 4 days.
- The accumulation represents 0.94% of ADA’s total supply.
- Despite a price dip below $0.6, investors remain confident in ADA’s future.
Cardano’s whales and sharks have been actively accumulating ADA tokens in recent days. Between November 7 and November 10, 2025, these key stakeholders acquired 348 million ADA tokens.
This represents 0.94% of Cardano’s total supply, worth approximately $204.3 million at the time. The accumulation follows a price drop below $0.50, which has attracted these deep-pocketed investors looking to capitalize on the lower price.
According to Santiment, whales are investors holding between 1 million and 100 million ADA tokens, while sharks hold between 100,000 and 1 million ADA tokens.
Their recent actions suggest confidence in Cardano’s long-term prospects, despite the ongoing market correction. The accumulation has sparked interest as it may signal an upcoming price recovery for ADA.
ADA Price Shows Resilience Despite Market Downturn
Cardano’s price has been in a downtrend, mirroring broader market movements, with ADA falling by more than 35% over the past two months. However, it has found support at around $0.50, with recent price levels hovering just above $0.58.
This support zone has been repeatedly tested, and buyers have shown resilience, preventing the price from falling further.
The market-wide decline in cryptocurrency prices has affected ADA, along with major assets like Bitcoin. However, with strong accumulation from key investors, there is potential for ADA to regain the $0.60 price level.
The recent support seen in the $0.50 region, combined with the ongoing accumulation, could set the stage for a price reversal as investor sentiment strengthens.
Cardano’s Roadmap Progress and Investor Sentiment
The Cardano Foundation has reported steady progress on its roadmap to global adoption. Despite ADA’s recent price struggles, development continues to move forward. This progress may support long-term investor confidence, even during short-term price declines.
The current accumulation of ADA by whales and sharks shows that investors are focused on the future potential of the project. These key stakeholders see the recent price dip as an opportunity to acquire more tokens at a favorable price.
With the overall market sentiment slowly shifting and Cardano’s ongoing developments, ADA may soon see an upward price movement.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
