Cardano Whales Accumulate $320 Million, Signaling Potential Price Breakouts

Recent data reveals that Cardano whales have been accumulating significant amounts of ADA, pushing the cryptocurrency’s price beyond $4,500. This accumulation follows a surge in institutional investment, indicating growing optimism for the future of Cardano. On-chain analysis shows that large holders bought over 320 million ADA recently, highlighting strong long-term confidence and potential for price gains. These buying activities have outpaced retail hesitation, suggesting a bullish trend. Experts are now speculating on a potential breakout to $1.50 if key resistance levels hold firm.