Cardano whales, holding over $10M in ADA, boosted their positions by 145.72% in one month.
Wallets with $1K-$10K in ADA saw a 57.26% increase, showing notable retail investor growth.
ADA wallet distribution show that whales dominate holdings, with a total value of $12.11B.
Cardano (ADA) has reached an 18-month high in value, even as the broader crypto market experiences a dip. This surge is driven by increasing whale activity, which hit a five-month high, with wallets holding over $10 million in ADA increasing their positions by 145.72%.
Supporting this trend, large transactions of at least $100,000 in ADA reached 9,824 last week, according to Santiment data, marking another five-month high. Additionally, Cardano’s total open interest surpassed the $700 million mark, reflecting heightened interest from derivatives traders.
Whale Activity and Mid-Tier Growth Evident
The distribution of ADA holdings highlights a notable increase in accumulation across various investor brackets, reflecting growing demand for the token. Whale wallets holding over $10 million in ADA saw the most substantial growth, accumulating a total value of $12.11 billion, underscoring their dominance in the ecosystem. Institutional investors, with balances between $1 million and $10 million, contributed $3.96 billion, showcasing strong participation from this segment.
High-tier retail and smaller institutional wallets, holding between $10,000 and $100,000, recorded a 92.01% increase in holdings, collectively contributing $3.39 billion. Medium-sized whales, with balances ranging from $100,000 to $1 million, experienced an even sharper rise of 105.66%, further emphasizing the growing interest among larger investors. Meanwhile, mid-tier retail investors, with holdings between $1,000 and $10,000, added $1.77 billion, marking a 57.26% increase in accumulation.
Smaller retail holders, maintaining balances between $100 and $1,000, saw a moderate growth of 19.87%, representing $436.97 million in total holdings. This pattern demonstrates widespread engagement across all investment tiers, with a particularly strong uptick among whales and institutional players, who continue to dominate ADA’s ecosystem.
ADA’s Price Performance
Driven by this whale activity, the price of ADA recently surged by 11.51% within 24 hours, climbing to $0.8274 as of press time. Over the past seven days, the token’s price increased by 53.64%, with a 24-hour trading volume of $3.04 billion. These price movements coincide with the notable accumulation trends, indicating heightened activity across investor categories.
As ADA’s price climbs, the accumulation across wallet brackets underscores its growing adoption. Wallets holding smaller amounts continue to rise in volume, while whales dominate the total value, reflecting broad investor participation in Cardano’s ecosystem.
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