Cardano Whales Seize the Opportunity, Acquiring Over 130 Million ADA During Recent Dip

Cardano (ADA) surged 21% in a week after whales accumulated 130M ADA during the dip.Cardano (ADA) has experienced significant price movement, surging by 10.19% within the last 24 hours and 21.15% over the past week. The 9th crypto by market cap, now trading above $1, has demonstrated resilience following a period of consolidation. Recent data indicates that whale activity played a crucial role in this rally, with large-scale investors actively accumulating ADA during price dips.Cardano Whales Accelerate Accumulation in Cardano news today, Analytical data shared by analyst Ali Martinez highlights an extensive accumulation phase by ADA whales, who acquired over 130 million ADA during a recent price correction. An initial accumulation phase, occurring between early November and November 12, was followed by an observed upward price trajectory, suggesting that large holders anticipated a bullish breakout.

Image Source: @ali_charts, X (Twitter)

After ADA reached near $1.1, a temporary decline in whale holdings occurred, likely driven by profit-taking activity. However, from November 20 onwards, as ADA traded below $0.8, renewed accumulation activity was noted. Although this accumulation trend has recently flattened, the initial spike reflects a robust interest in ADA by significant market participants during dips.On-Chain Indicators Highlight Growing InterestFurther reinforcing this trend, TradingView's accumulation/distribution (A/D) indicator shows a notable increase in accumulation. The indicator rose when ADAs price was approximately $0.3, moving from 12.00 billion to 12.13 billion on the A/D scale.

Cardano Image Source Trading View

While the accumulation line remained relatively stable over previous months, it surged just before the preceding price breakout. This correlation between ADA's price action and accumulation metrics proves the influence of large holders in driving market trends. Sustained Confidence in Cardano (ADA)Statistics from IntoTheBlock further validate the recent increased interest in ADA by large holders. Over the past week, inflows have grown by 35.54%, reflecting a consistent rise in activity.

Cardano Large Holders Infows, IntoTheBlock

Long-term metrics provide additional context, with a 30-day inflow increase of 51,478.87% and a 90-day rise of 23,448.85%. These figures indicate a broader, long-term accumulation trend, suggesting confidence in ADA's performance over extended periods.

Text source: The Crypto Basic

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