Cardano price might be gearing up for a shift, as both price action and whale activity start to show a new pattern.
According to on-chain data shared by crypto analyst AliCharts, wallets holding between 1 million and 10 million ADA have added a total of 120 million coins over the past two weeks.
What’s interesting is that this buying spree happened while the price stayed mostly flat, something that often hints at quiet accumulation.
The ADA chart from Santiment shows the relationship between ADA price and whale holdings between May and early July. While the price trended lower in May, whales were actually stepping back in during late June and July.
What you'll learn 👉
ADA Price Under Pressure, But Finds Stability
Between May 9 and early June, ADA price slid from around $0.83 to below $0.60. It wasn’t a straight line, but every small bounce quickly faded, keeping the overall trend bearish.
Things started to change toward the end of June, though. The price began holding steady between $0.57 and $0.59, and started forming what looks like a support base.
By early July, ADA price made a move up to about $0.61 but didn’t hold the gains. As of July 7, it’s trading around $0.586, still above that support zone, but not yet breaking out.
Cardano Whale Activity Signals Shift in Sentiment
From mid-May to early June, ADA whales were selling. Their holdings dropped from 5.78 billion ADA to about 5.44 billion.
This selloff lined up with the drop in ADAprice, which makes sense, less demand, lower price. But that behavior didn’t last. Around June 23, whale holdings bottomed out at 5.43 billion.
Since then, they’ve been on the rise again. Over just two weeks, large holders added 120 million ADA back into their wallets. That’s a big shift, especially during a period when the price didn’t move much.
ADA Price and Whale Holdings Show Correlated Trends
What stands out here is the timing. Whale accumulation picked up just before ADA tried to recover above $0.61.
That’s often how these things go, larger players start buying while the market still feels uncertain. If ADA manages to push above that $0.61–$0.63 zone and stay there, it could open the door for a stronger move.
Read Also: Is Cardano Gearing Up for a Breakout? ADA Price, Airdrop, and Whale Clues Explained
Analyst Shares Chart Showing Accumulation Pattern
AliCharts pointed out the 120 million ADA whale accumulation in a tweet that has since gained interest across crypto circles.
It’s not just about numbers, it’s about what they could mean. When big wallets load up during a quiet stretch, it usually means they see something coming.
Whether or not that plays out in the short term depends on how ADA price reacts at current levels. But for now, large holders seem to be positioning themselves for a potential breakout.
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