Cardano Whales Buy $3.3B ADA as Price Rises 50% on Bullish Signals

Major Cardano (ADA) whales have intensified their accumulation of the token, signaling confidence in a potential price surge toward $1. On-chain data reveals that wallets holding between 1 million and 10 million ADA have collectively added over 120 million ADA in the past two weeks, valued at more than $3.3 billion [1]. This buying activity, highlighted by crypto commentator Mr. Banana and on-chain analyst Alphractal, suggests strategic positioning by large investors amid ADA’s consolidation between $0.60 and $0.85 [1]. Historically, similar accumulation phases have preceded significant price jumps, such as earlier this year when whales acquired over 180 million ADA during periods of stagnation, reinforcing the likelihood of institutional confidence rather than short-term speculation [1].

Technical indicators further bolster bullish sentiment. Cardano’s price recently formed its first-ever weekly golden cross—a long-term bullish signal where the 50-week moving average crosses above the 200-week average. Analysts note that if ADA breaks above key resistance at $0.83–$0.85 with sustained volume, it could surge toward $1. A failure to hold above this range, however, might trigger a pullback toward $0.70–$0.76 before resuming upward momentum [1]. Since early July, ADA has risen over 50%, climbing from $0.54 to $0.83, driven by whale activity, improved technical indicators, and growing retail interest [1].

Market analysts increasingly view a $1 breakout as plausible, with some forecasts projecting ADA could reach $1.10 or $1.20 in the coming months, contingent on macro trends, continued accumulation, and protocol upgrades [1]. Institutional factors are also fueling optimism. Grayscale’s Smart Contract Platform Fund allocated nearly 19% of its holdings to ADA, placing it among top assets alongside Ethereum and Solana. Additionally, Cardano’s ecosystem is advancing with upgrades like the Chang hard fork and governance enhancements, while 2026’s Leios scaling improvements aim to strengthen its smart contract capabilities [1].

The combination of whale accumulation, technical momentum, and institutional backing underscores ADA’s potential for substantial gains. While the $1 target is no longer speculative, sustained progress will depend on clearing resistance and maintaining bullish momentum. As Mr. Banana and Alphractal’s analysis suggests, major players are likely positioning for a significant move, aligning with historical patterns of whale-driven price appreciation [1].

Source: [1] [title:Big Cardano Whales On ADA Buying Spree. They Foresee Big Breakout to $1] [url:https://coinmarketcap.com/community/articles/688791953c1f324d51532fa7/]