On-Chain Shows Cardano Whales Are ‘Buying the Dip’

Whale activity on the Cardano (ADA) network is increasing dramatically, especially as the ADA price drops to near $0.91 USD. According to on-chain data from Santiment, whales have accumulated a total of 160 million ADA in recent times. Hundreds of large transactions worth over 1 million USD have been made, showing strong interest from large investors to buy in when prices fall. Currently, ADA is in an accumulation phase and has the potential to recover if it overcomes key resistance levels. Analysts predict that if this positive trend continues, ADA price could head towards the $1.46 to $2 levels in the near future, thanks to active participation from whales and strong buying pressure. strong from the market. However, it is necessary to closely monitor market developments to evaluate Cardano's ability to breakthrough in the near future.