Cardano Price Surge Driven by Whale Accumulation and Bullish Derivatives Signals

Cardano (ADA) price continued its upward trend this week, surging past $0.82 with gains exceeding 8.5% over the last seven days. This surge is attributed to large whale accumulation and a significant increase in derivatives activity, according to various on-chain data sources. Santiment revealed that wallets holding between $100 million and $1 billion accumulated more than $200 million worth of ADA within the past 48 hours. This buying spree coincides with a broader altcoin rally, indicating strong interest from institutional investors seeking further gains.