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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Feb 12, 2025 07:27 UTC
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Cardano News: ADA Price Jumps 11% in Three Days as Whales Buy More
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ADA $ 0.6604 (-1.46%) 
Cardano (ADA) price has risen over 11% this week, bucking the overall crypto market's 4.5% decline.
Whale investors have accumulated significant ADA holdings, and institutional interest is growing, highlighted by Grayscale's spot ADA ETF filing.
After a correction period, ADA's price is rebounding and poised for a potential rally towards its all-time high.
Well, Cardano (ADA) seems to be winning while most digital assets struggle.
Over the past three days, ADA has surged more than 11%, defying the broader market slump that has seen the total cryptocurrency market capitalization drop by 4.5% in just 24 hours. As of Wednesday, February 12, 2024, during the early European session, ADA was trading around $0.76.
Let’s dive into the latest developments shaping Cardano’s price action.
Cardano Whales Aren’t Resting!
Cardano, which operates on a proof-of-stake (PoS) consensus mechanism, has seen its fully diluted valuation climb to more than $34.4 billion. Its 24-hour average trading volume has also increased to around $1.4 billion, indicating strong market activity.
Investor interest in ADA has remained high, particularly among whales and institutions. The network’s ongoing improvements in decentralized governance have attracted more institutional investors. In a significant move, grayscale Investment 
grayscale Investment - Investment platform 
became the first company to file for a spot ADA exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC).
According to on-chain data Santiment, ADA whales, with an account balance of at least 1 million coins, have added 1.41 billion coins since November 2023 to date, which represents 2.35 percent of the altcoins total supply.
- Also Read :
- Why Solana (SOL) Price Is Down Today?
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Key Support and Resistance Levels for ADA
ADA has struggled to break past a key resistance level near $1.10 since mid-November 2024, leading to a short-term correction. Over the past few days, the smart contract-focused altcoin has been testing an important support range between $0.68 and $0.76.
However, ADA has recently bounced back above the falling logarithmic trend that had been in place earlier this year. If bullish momentum continues, the altcoin could break out above the macro megaphone structure and move closer to its all-time high.
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If the current trend holds, Cardano may soon find itself back in the spotlight as one of the market’s top-performing altcoins.
FAQs
Yes, Cardano has a strong future with growing adoption, whale accumulation, and institutional interest, including Grayscale’s ADA ETF filing.
XRP excels in fast transactions, while Cardano focuses on smart contracts and PoS security. Each serves different use cases in crypto.
According to our Cardano price prediction, the altcoin’s price could hit a maximum of $2.62 in 2025.
Yes 
No 
