Whales Accumulate 100 Million ADA, Pushing Cardano Above $1

• Cardano records high with accumulation of 100M ADA by whales.
• ADA Price Hits $1,06, Up 14% in a Week
• Whales control 3,44 billion ADA, consolidating influence.

The cryptocurrency market continues to rise, and Cardano (ADA) is once again on investors’ radar. Recent data indicates that whales on the network have accumulated more than 100 million ADA tokens in just 48 hours. This movement has positively impacted the asset’s price, which reached the $1,06 mark, registering a significant increase in recent days.

At the time of publication, the price of Cardano was quoted at US$1,06 with an increase of 8% in the last 24 hours.

The information was released by market analyst Ali Martinez, who highlighted on Twitter the strategic behavior of these whales. Typically, these investors hold between 100 million and 1 billion ADA tokens. With the recent accumulation, the total controlled by this category now exceeds 3,44 billion tokens, further consolidating their influence on the market.

Whales have bought 100 million #Cardano $ ISLANDS over the past 48 hours! pic.twitter.com/5ccxVoiljo

— Ali (@ali_charts) January 15, 2025

Additionally, the price of ADA, which was close to $0,998 at the start of the accumulation period, has now risen to $1,06. This appreciation reflects the historical impact that whale activity has had on the Cardano market, where high buying volumes often drive the price to higher levels.

The move comes amid a broader recovery in the cryptocurrency market. Cardano has been notable for its continued technical development, including network upgrades that promise to enhance smart contract functionality and increase token holder participation in the governance process.

The recent accumulation is not an isolated case. Historically, institutional investors have taken advantage of significant drops in the price of ADA to increase their positions. This pattern was previously observed when whales acquired 90 million tokens in a span of 96 hours, driving the price of the coin higher.

With increasing trading volume and an optimistic market, analysts believe that Cardano could reach new resistance levels in the coming months. The long-term outlook for ADA remains positive, especially considering the confidence shown by large investors in its technology and potential for appreciation.