Cardano's native token ADA surged 22% over the past week, with large holders—often called whales—accumulating more than 240 million tokens in just five days. The buying spree helped drive a sharp recovery for the cryptocurrency, which had been trading near recent lows.
Whale Accumulation Spikes
Data from blockchain analytics shows that addresses holding between 1 million and 10 million ADA added over 240 million tokens to their wallets between [start date] and [end date]. That's roughly $[value] at current prices. The accumulation rate was the fastest seen in months, according to on-chain metrics.
Recovery from Recent Lows
Before the whale buying began, ADA had been under pressure, trading around $[price]. The 22% gain pushed it back above key support levels, though it remains well below its all-time high. The recovery was broad-based, with trading volumes picking up across major exchanges.
What's Behind the Buying
No single catalyst has been identified. The accumulation could reflect confidence in upcoming network upgrades or simply a bet on a price rebound. Cardano's development team has been working on scalability improvements, but no major announcement coincided with the whale activity.
The question now is whether the buying pressure can be sustained. If whales continue to accumulate, ADA could test higher resistance levels. If they start selling, the recent gains may evaporate quickly.
