Cardano (ADA) Price Surges as Whales Accumulate $100 Million in Recent Buying Spree

TLDR

• Cardano whales accumulated nearly $100 million worth of ADA tokens in the last 24 hours, showing strong institutional confidence
• Large wallet holders added 130 million ADA tokens while smaller holders sold 20 million tokens during recent market dips
• ADA price rebounded from key support at $0.84 and is trading around $0.88 with positive funding rates indicating bullish sentiment
• Technical upgrades including Hydra and Mithril are improving Cardano’s scalability and efficiency for DeFi and enterprise applications
• Price predictions suggest ADA could reach $1.13 by September 2025, representing a 27.98% increase from current levels

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Cardano (ADA) has staged a recovery rally, climbing to $0.88 after finding strong support at $0.84. The rebound comes as whale investors deployed nearly $100 million in fresh capital during the recent market dip.

On-chain data reveals a clear accumulation pattern among large holders. Whales controlling 10 million to 100 million ADA tokens added 130 million coins between Tuesday and Thursday. This buying activity contrasts sharply with smaller holders who reduced positions by 20 million tokens.

The whale accumulation signals growing institutional confidence in Cardano’s blockchain development. Crypto analyst Ali Martinez highlighted the $100 million whale buying surge as a key driver behind ADA’s price recovery.

Market sentiment has also shifted bullish based on derivatives data. Funding rates turned positive at 0.0072%, indicating long positions now outnumber shorts. Historical patterns show positive funding rate flips often precede sharp ADA price rallies.

Network Upgrades Drive Long-Term Value

Cardano’s technical roadmap continues advancing with key infrastructure improvements. The Hydra scaling solution now processes high-volume transactions through off-chain “heads” that maintain network security.

These upgrades target mass adoption across decentralized finance, gaming, and enterprise applications. The Mithril protocol enhancement also streamlines data processing, making Cardano more efficient for developers.

The recent Cardinal smart contract bridge launch enables Bitcoin traders to access Cardano’s ecosystem. This cross-chain functionality could drive additional trading volume and developer activity.

Cardano Price Prediction

Chart patterns support the bullish whale accumulation thesis. The Relative Strength Index rebounded from neutral levels and now reads 56, suggesting upward momentum is building.

ADA previously broke above $1 on August 14, rallying 20% that week before the recent pullback. The token found solid support at $0.84 and appears ready to retest higher levels.

Price predictions from CoinCodex suggest ADA could reach $1.13 by September 19, representing a potential 27.98% gain. The forecast is based on technical indicators showing neutral sentiment with moderate volatility.

Cardano recorded 16 green days out of the last 30 trading sessions with 8.71% price volatility. The token remains in consideration for potential ETF products from major asset managers including Grayscale.

If the current recovery continues, ADA could target the psychological $1 resistance level. A failed breakout might see the token retest $0.84 support again.

The combination of whale accumulation, positive funding rates, and ongoing network development creates a supportive environment for ADA’s price recovery. Large holders appear confident in Cardano’s long-term prospects despite recent market volatility.