Claim BonusCardano (ADA) Whale Holdings At 2-Yr High Amid Dip Buying Opportunity
Cardano (ADA) whales have been using the ‘Buy the Dip’ strategy to accumulate ADA since last year. Now, Cardano’s top whales have returned to own nearly 46.7% of the ADA supply, which is the largest percentage of supply held in the last two years. Moreover, the number of wallets holding Cardano (ADA) has nearly doubled over the last year. The data indicates optimism among Cardano investors on the future of ADA prices.
Top Whales Continue To Accumulate Cardano (ADA)
On-chain analytics firm Santiment announces in a tweet on April 12 that Cardano’s top whales have been accumulating ADA since last year as the ADA price continues to slip below its ATH price of $3.10 in September 2021.
Moreover, Cardano whale addresses with more than 10 million ADA that owned just 10% of Cardano supply in Feb 2021 are now holding 46.7% of the total supply of Cardano.
“Cardano is down -59% since its $3.10 #AllTimeHigh. However, the asset’s top whales (holding 10M+ $ADA) have returned to their largest percentage of supply held in two years, at 46.6%. Note that a large portion of these addresses are owned by exchanges.”
The Cardano Whale Supply Distribution metric indicates the total supply of Cardano (ATH) held by whales with respect to the price trends. And the price trend has been moving in the opposite direction despite rising whale accumulation, indicating optimism among whales for a better price in the future.
Moreover, another piece of data on the number of wallets holding Cardano (ADA) points to a significant bullish outlook on Cardano.
Cardano (ADA) Falls Below $1 Level
The Cardano (ADA) price has dropped below the $1 level today as sentiment remains negative in the crypto market due to the Fed rate hike and analysts’ forecasts. In the last 24 hours, Cardano has plunged nearly 7%, with the current price trading at $0.95.
In the last week, the ADA price has plunged nearly 21%. However, the whale accumulation has increased during the last week, as whales are buying the dip.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Is Bhutan Selling Bitcoin? Government Sparks Sell-Off Concerns as BTC Crashes
- ‘XRP Treasury’ VivoPower Abandons Crypto Strategy Amid Market Crash, Stock Price Dumps
- Bitcoin Crashes to $65K as Crypto Market Erases $2T in Market Cap Since October Record High
- Trump’s World Liberty Financial Dumps Bitcoin as BTC Falls Back to 2021 ATH
- CLARITY Act Markup Still On Course as Senate Puts Crypto Bill on Schedule, Lummis Assures
- Dogecoin, Shiba Inu, and Pepe Coin Price Prediction as Bitcoin Crashes Below $70K.
- BTC and XRP Price Prediction As Treasury Secretary Bessent Warns “US Won’t Bail Out Bitcoin”
- Ethereum Price Prediction As Vitalik Continues to Dump More ETH Amid Crypto Crash
- Why XRP Price Struggles With Recovery?
- Dogecoin Price Prediction After SpaceX Dogecoin-Funded Mission Launch in 2027
- Solana Price Crashes Below $95 for the First Time Since 2024: How Low Will SOL Go Next?
