Cardano Market Stability: Whales and Retail Investors Drive Price Rebound

Despite a significant 21% drop in the Cardano (ADA) price, a recent surge highlights growing market stability driven by whale activity and retail investor support. On-chain data reveals substantial purchases from both large holders and individual investors, challenging bearish market trends. Key figures like CEO Charles Hoskinson of IOHK and institutional investors are backing Cardano’s long-term prospects. This shift in market dynamics has fueled a price rebound, according to recent insights.