- Large Cardano holders accumulate 348 million ADA tokens worth $204 million between Nov 7-10.
- Accumulated tokens represent 0.94% of total ADA supply during four-day accumulation period.
- ADA dropped over 35% in past 60 days from September highs.
Cardano whales and sharks have increased their ADA holdings, capitalizing on the token’s extended price decline. Amid a cautious market environment, ADA has followed a downtrend mirroring movements in major cryptocurrencies including Bitcoin.
Currently trading below $0.6 at press time, ADA has dropped over 35% in the past 60 days and 7.8% across the last month. However, on-chain data reveals that well-capitalized Cardano investors are taking advantage of the token’s weakness.
Major ADA holders accumulate during weakness
Between November 7-10, Santiment data shows these key Cardano stakeholders acquired 348 million ADA tokens. Valued at over $204 million at the time, this quantity amounts to 0.94% of total ADA supply. The heavy accumulation coincides with the Cardano Foundation’s reported progress on its roadmap toward global adoption.
ADA has a total supply of 45 billion tokens. According to CoinGecko data, the Cardano native currency has a circulating supply of 36.6 billion tokens as of November 2025.
Since reaching $0.853 in late September, ADA has been on a steady decline driven by market-wide correction that pushed BTC to four-month lows below $100,000. The token rebounded in early November after hitting a long-standing support level around $0.5, where buyers had repeatedly demonstrated strength.
At the time of writing, ADA trades at $0.582, down 1.1% over the past 24 hours. With whales and sharks accumulating aggressively, the token appears positioned to challenge the $0.6 price level.
Technical analysis suggests higher targets
A recent TradingView analysis predicts a rally for ADA to $3, citing a Power of Three price pattern. This technical formation suggests potential upside from current levels if the pattern completes as projected.
The four-day accumulation period by large holders indicates confidence among well-capitalized investors despite negative price action. Whale and shark wallets typically hold between 100,000 and 10 million tokens, representing investors with substantial positions who often have longer time horizons than retail participants.
The timing of accumulation during price weakness suggests these holders view current levels as attractive entry points for building or expanding positions. This behavior often precedes price recoveries when selling pressure exhausts and demand from large holders absorbs available supply.
Whether ADA can break above $0.6 and sustain upward movement depends on broader market conditions, particularly Bitcoin’s ability to stabilize above $100,000. The token’s correlation with BTC means continued weakness in the flagship cryptocurrency could limit ADA’s recovery potential regardless of whale accumulation.
Source: https://thenewscrypto.com/whales-are-buying-cardano-again-heres-why-348m-ada-was-added-in-4-days/
