According to CryptoPotato, despite the overall lackluster performance of the cryptocurrency market, Cardano (ADA) big investors are slowly increasing their holdings of ADA tokens. According to the latest findings of ITB, Cardano big investors holding 100 million to 1 billion ADA have increased their holdings by 11% in the past month. This shows that big investors have increased their confidence in ADA. Currently, this investor group controls 6.71% of the entire token supply.
Cardano has seen a gradual increase in activity from large investors in recent weeks. Historically, increases in large investor activity have often been associated with potential price reversals, signaling a shift in market sentiment. ADA has closely followed the broader market, with a modest recovery on Thursday.