Whales Accumulate 410,000,000 ADA in a Month: When Will Cardano Surge?
Market uncertainty and cautious investor behavior observed in Q1 and early April seem to have subsided, with whales making a strong comeback in the cryptocurrency space. April saw significant accumulation of major cryptocurrencies, including BTC, XRP, and notably, ADA.
According to data from analyst Ali Martinez, whales accumulated over 410,000,000 ADA in April alone, a stash worth nearly $300 million at current prices. This marked a sharp contrast to the sell-off patterns seen in late February and mid-March when the market sentiment was much less favorable. The trade war initiated by US President Trump created a ripple effect across all financial markets, including cryptocurrency.
However, as the impact of the tariff shock diminishes, large investors are returning, making substantial purchases. Notably, whales accumulated $4 billion worth of BTC in just two weeks earlier this month, alongside a significant XRP buying spree of over 900,000,000 tokens. While ADA’s accumulation numbers are smaller compared to BTC and XRP, the behavior shift indicates strong potential for Cardano’s future price growth.
After ADA’s price dipped to a multi-month low of $0.50 in early April, it has rebounded by 40%, currently sitting at $0.70. If whales continue to accumulate rather than sell, it could signal a promising long-term surge for Cardano. The key question now is: When will Cardano’s price see its next significant surge?
