Cardano Whales Accumulate 25B ADA as Analyst Predicts Rally Toward $0.42

Large Cardano holders continue to accumulate $ADA despite the cryptocurrency’s prolonged market downturn, according to new data from analytics platform Santiment.

The firm revealed that wallets holding at least 1 million $ADA tokens now collectively control 25.09 billion $ADA. Notably, this figure marks an all-time high in the group’s holdings. That amount represents 67.47% of Cardano’s current circulating supply, the highest concentration recorded since July 2020.

Santiment noted that these major holders, often referred to as sharks and whales, have steadily increased their positions since December 2023. This accumulation trend has continued even as $ADA lost roughly 71% of its market capitalization over the past nine months.

At the time of the report, Cardano was trading around $0.2645.

Whales Continue Buying Despite Market Weakness

According to Santiment, the steady rise in whale holdings suggests that large investors may view current prices as a long-term buying opportunity rather than a reason to exit the market.

The analytics firm noted that millionaire-tier wallets have consistently added more $ADA to their balances during the correction phase. Sustained whale accumulation has often been viewed by traders as a sign of confidence in an asset’s future price direction.

The chart shared by Santiment also showed that the percentage of $ADA supply controlled by these large holders has steadily climbed over the past year. This reinforces the idea that major investors are positioning themselves ahead of a possible recovery.

Source: X

Analyst Says Cardano Buy Signal Has Appeared

Crypto analyst Ali Martinez also shared a bullish outlook for Cardano, stating that $ADA could be preparing for a new rally after months of heavy downside pressure.

Martinez explained that the SuperTrend indicator, which flashed a sell signal in September 2025 ahead of Cardano’s 73% decline, has now turned bullish on the daily chart.

According to the analyst, the fresh buy signal suggests that Cardano’s local exhaustion phase may be ending, potentially opening the door for a trend reversal.

Martinez expects $ADA to first target the $0.33 resistance level if momentum continues building. Should the rally strengthen further, he believes Cardano could extend gains toward the $0.42 zone.

However, he warned that maintaining support at $0.25 remains critical for the bullish outlook. A breakdown below that level could delay any recovery attempt and weaken the current setup.

Market Watches for Confirmation

The combination of aggressive whale accumulation and improving technical indicators is now drawing attention from traders watching Cardano’s next move.

While $ADA remains far below previous highs, the concentration of tokens among large holders may signal rising confidence that the asset is entering a potential recovery phase.

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