Cardano Whales Accumulate Massive ADA Holdings: What Does It Mean for Prices?

Recent on-chain data reveals a significant surge in Cardano (ADA) holdings by large whales, with crypto analyst Ali Martinez reporting an accumulation of 150 million ADA in the past two weeks. This buying spree occurred during a period when ADA traded in the low to mid $0.80s. While intraday price fluctuations have been present, these whale purchases appear to have provided support for near-term prices.