Cardano (ADA) has seen a notable uptick in market interest this week, with whale activity reshaping holder sentiment.
Notably, over the past week, the cryptocurrency declined by roughly 8%, mirroring a broader pullback across major cryptocurrencies as selling pressure mounted.
However, despite this, blockchain analytics indicate that large holders have quietly been accumulating the coin in anticipation of future gains.
According to data from the popular analytics firm Santiment, as shared by analyst Ali Charts, whales have absorbed around 220 million ADA in the past week alone.
“Whales have accumulated 220 million Cardano ADA over the past week,” he stated, pointing to a significant concentration of buying activity at lower price levels.
 
Also, recall earlier this month, Ali Charts noted that 230 million ADA had been redistributed by whales, highlighting a recurring trend of large-scale accumulation within the Cardano network.
Meanwhile, analyst Plutus highlighted a notable capital migration among cryptocurrencies.
“Another Midnight whale doubled down, continuing their migration from Cardano to Midnight with another 1M+ ADA converted into NIGHT higher!” he wrote.
According to the analyst, this movement indicates selective profit-taking and portfolio rebalancing by whales, suggesting that while some accumulation continues, strategic exits into alternative projects are also occurring.
Recall that last Monday, popular analytics firm Santiment noted that average wallets active on the Cardano network over the past year are reporting net returns of roughly -43%.
The platform noted that extreme negative MVRV (market value-to-realized value) readings often signal potential buying opportunities, as professional traders and large holders are drawn to assets perceived as undervalued.
Santiment further highlighted that Cardano’s funding rate on Binance is showing the largest shorts-to-longs ratio since June 2023, historically a contrarian indicator that can precede a rebound.
Meanwhile, analyst Crypto Patel shared a detailed breakdown of ADA’s 4-hour chart structure on X.
According to the analyst, ADA is currently forming lower highs after a rejection of a daily mitigation block at $0.2490, suggesting a potential bearish continuation toward sell-side liquidity.
“Targets; $0.2350 → $0.2200. Invalidation: 4H close above $0.2690. Bearish bias. Look for pullbacks into the mitigation zone for short continuation toward sell-side liquidity,” the analyst said, emphasizing that traders should approach positions with careful risk management.
At press time, ADA was trading at $0.2407, reflecting a 1.19% decline in the past 24 hours.
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