Cardano Price Eyes Recovery as 100K–100M ADA Wallets Hit Highest Holdings Since 2023

Frank bevah
Frank bevah

Frank bevah

Market Analyst
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.
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Cardano Price Eyes Recovery as 100K–100M ADA Wallets Hit Highest Holdings Since 2023
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Highlights

  • Whales in Cardano also accumulated ADA as retail investors decreased the total exposure.
  • Bitcoin and Ethereum are under pressure due to outflows and geopolitics.
  • Cardano price must defend $0.150 support before targeting the $0.180 resistance.

Cardano price holds above $0.15 as buyers attempt to stabilize ADA after a difficult weekly decline. The token trades near $0.158, extending losses beyond 14% over the past seven days. 

Meanwhile, the wider crypto market has fallen 0.59% to $2.16 trillion during the latest session. Large wallets holding 100,000 to 100 million ADA have accumulated 320 million tokens since early July. 

Their combined balances now stand at the highest among key stakeholders since the start of 2023. Nevertheless, ADA requires a sustained advance beyond $0.18 and $0.20 to enhance bullish action.

Bitcoin is trading around $62,500 with ETF outflows and escalating tensions between the US and Iran straining sentiment. Ethereum price continues to be pegged below $1,700 and XRP is above $1.05 amid the ongoing range-bound trading.

Cardano Whale Holdings Hit Highest Level Since February 2023

Cardano price is still close to the multi-year lows, but the big owners keep adding exposure when the market conditions are weak. Wallets holding between 100,000 and 100 million ADA now control more than 25.6 billion coins. 

Cardano Price Eyes Recovery as 100K–100M ADA Wallets Hit Highest Holdings Since 2023
Source: Santiment data

This balance reflects the group’s most significant overall holdings since February 2023, based on the data on the distribution of supplies. These wallets accumulated roughly 1.8% more ADA during the past four months.

Retail Wallets Reduce Their Cardano Exposure

Retail Cardano wallets have experienced the reverse trend whereby smaller holders are lowering their combined exposure. Wallets with less than 100 ADA have approximately 0.7% less coins than four months ago. 

This decline suggests retail traders are losing patience after ADA’s prolonged weakness during 2026. 

In the meantime, Cardano is progressing with Leios testing, Hydra scaling upgrades, Mithril, and Pyth oracle integration. The difference between whale buying and retail selling poses a great shift in the market.

Cardano Price Eyes Recovery as ADA Holds Above $0.150 Support

As of the reporting, the ADA price traded near $0.159 on the four-hour chart. Cardano price failed to break the resistance at $0.160 following its extension of the drop that had occurred at the beginning of July at a high of $0.195. 

The nearest support is around 0.150, where the market was already defended by buyers. An extended decline below that would reveal $0.145 and $0.140. But maintaining above $0.150 can enable ADA to stabilize when another recovery attempt is to be made.

On the positive side, the future Cardano outlook needs to recover $0.160 in order to enhance near-term structure. An upward breakout beyond that level would be aimed at $0.170, then the more formidable level of $0.180.

Cardano Price Eyes Recovery as 100K–100M ADA Wallets Hit Highest Holdings Since 2023
Source: Tradingview

The RSI was close to 36.75, indicating a weak momentum, but not overly oversold. Meanwhile, the MACD was below zero, albeit the histogram demonstrated milder bearish movement.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Frequently Asked Questions (FAQs)

1. Could whale accumulation support a Cardano recovery?

Continued whale buying may reduce available supply, but ADA still requires stronger demand and confirmed resistance breakouts.

2. How much ADA do major Cardano holders control?

Large Cardano wallets now control more than 25.6 billion ADA, their highest balance since February 2023.

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.

ADA

Cardano

$0.15090526 5.84% (24h)

24 Hours volume

$387.43M

Market Cap

$5.84B

Max Supply

45B

Buy $ADA with Binance
About Author
About Author
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.