Cardano Whales Accumulate Record ADA Holdings as Retail Selling Surges—Will ADA Price Recover?

The Cardano price has remained under strong bearish pressure for a prolonged period despite ongoing market volatility. ADA is down nearly 2.7% over the past 24 hours, trading around $0.265 and continuing to underperform the broader crypto market. Meanwhile, trading volume has risen by more than 7%, suggesting growing activity that may have further strengthened bearish control in the short term.

However, while retail traders continue contributing to the selling pressure, on-chain data paints a completely different picture for large holders. Whale wallets have continued accumulating ADA aggressively, signaling growing long-term confidence despite the weak price action.

This widening divergence between wholesale accumulation and retail selling raises major questions for the market. Could the aggressive positioning by large holders eventually fuel a strong ADA price recovery, or will broader market weakness continue dominating the trend in the near term?

Cardano Whales Quietly Accumulate While Retail Continues Selling

While ADA price continues hovering near its lower ranges, large Cardano holders appear to be doing the exact opposite of retail traders. Fresh Santiment data reveals that wallets holding at least 1 million ADA have now pushed their combined holdings above 25 billion tokens for the first time.

This chart suggests that large Cardano holders, often referred to as “whales” or “ADA millionaires,” are aggressively accumulating ADA despite the prolonged price decline.

Here’s what the data indicates:

• Wallets holding at least 1 million ADA now collectively own more than 25 billion ADA tokens for the first time ever.

• These wallets currently control about 67.47% of Cardano’s total circulating supply, marking the highest concentration since July 2020.

• Interestingly, this accumulation is happening while the ADA price remains near multi-year lows around the $0.26 range.

The chart mainly reflects strong long-term accumulation behavior from large holders. Historically, when whale wallets steadily increase their holdings during weak market conditions, it often suggests growing confidence in the asset’s long-term potential.

ADA Price Tests Key Support as Momentum Indicators Turn Bearish

Despite the aggressive whale accumulation, the Cardano price continues to show signs of short-term weakness as the technical structure begins losing momentum near a crucial support zone. The 4-hour chart shows ADA pulling back after failing to sustain its recent recovery toward the $0.29 resistance region. Interestingly, the broader structure still reflects a parabolic formation, which is generally considered a bullish reversal setup.

The recent rejection near the upper resistance suggests the bulls are struggling to maintain control in the short term. At the same time, the momentum indicators have started to weaken notably. The MACD has turned bearish, and the RSI slipped lower, but both are showing the possibility of a bullish reversal. Therefore, one can expect a healthy rebound if the ADA price holds above the support at $0.26, which does not seem to be a strong one. If it loses, it may revisit $0.24 and later extend the loss to $0.234. 

However, if the buyers manage to defend the support, a rise to $0.3 may be possible, surpassing the local resistance at $0.29.