Large Investors Increasing Their Cardano Holdings
Cardano (ADA) remains in a consolidation phase, which major investors are leveraging to accumulate more tokens. Analyst Ali Martinez shared data from the platform Santiment on Twitter, revealing that whales have amassed over 100 million ADA in the past few days.
Whales Betting on ADA Growth
These high-net-worth investors, holding between 100 million and 1 billion ADA tokens, invested an additional $110 million when the token was trading slightly above $1. Their cumulative holdings have now grown to 3.26 billion ADA tokens.
Whale Behavior Patterns: Buying Dips, Selling Highs
Santiment’s data showcases a recurring pattern among whales: they buy ADA during price dips and sell during rallies.
For example:
Second week of November: Whales accumulated ADA in the $0.50–$0.60 range.
Third week of November: As ADA surged to $0.70–$0.80, whales sold their holdings to take profits.
After ADA briefly dropped below $1, whales bought more tokens, only to sell again during the subsequent price pump.
Overall Trend: Increasing Whale Holdings
While whales sell during price surges, their overall holdings have grown over time:
Between October 18 and November 18, whales increased their holdings by 145%, reaching a value of $12.11 billion.
Wallets holding more than 10 million ADA saw the most significant growth, rising by 106% to $4.36 billion.
Small Investors Reducing Their Stakes
In contrast to whales:
Small investors with ADA holdings between $10,000 and $100,000 reduced their stakes by 7.65%.
Those with smaller holdings (up to $10,000) decreased their positions by as much as 39%.
Cardano’s Future: Is More Growth on the Horizon?
As whales continue accumulating, ADA may see a continuation of its bullish trend in the coming days. Currently, ADA is trading at $1.19, a 2.64% drop in the last 24 hours. However, this ongoing trend suggests further growth could occur before any potential correction.
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