Large Cardano Holders Continue to Accumulate $ADA Despite the prolonged downturn in the cryptocurrency market, according to new data from analytics platform Santiment.
The company revealed that the wallets held at least 1 million $ADA tokens now collectively control 25.09 billion $ADA. This is notably a record figure in the group’s assets. This amount represents 67.47% of Cardano’s current circulating supply, the highest concentration recorded since July 2020.
Santiment noted that these major holders, often referred to as sharks and whales, have steadily increased their positions since December 2023. This accumulation trend has continued even as $ADA has lost around 71% of its market capitalization over the past nine months.
At the time of the report, Cardano was trading around $0.2645.
Whales continue to buy despite market weakness
According to Santiment, the steady increase in whale holdings suggests that large investors may view current prices as a long-term buying opportunity rather than a reason to exit the market.
The analytics firm noted that millionaire-level portfolios have consistently added more $ADA to their balances during the correction phase. Sustained whale accumulation has often been seen by traders as a sign of confidence in the future price direction of an asset.
The chart shared by Santiment also showed that the percentage of $ADA The supply controlled by these large holders has continued to grow over the past year. This reinforces the idea that large investors are positioning themselves ahead of a possible recovery.
Analyst Says Cardano Buy Signal Has Appeared
Crypto analyst Ali Martinez also shared an optimistic outlook for Cardano, stating that $ADA It could be preparing for a new rally after months of strong downward pressure.
Martinez explained that the SuperTrend indicator, which issued a sell signal in September 2025 before Cardano’s 73% drop, has now turned bullish on the daily chart.
According to the analyst, the new buy signal suggests that Cardano’s local exhaustion phase may be ending, potentially opening the door for a trend reversal.
Martinez expects $ADA first target the $0.33 resistance level if momentum continues to build. If the rally strengthens further, he believes Cardano could extend its gains towards the $0.42 area.
However, he cautioned that holding support at $0.25 remains critical for the bullish outlook. A failure below this level could delay any recovery attempts and weaken the current configuration.
Market monitoring for confirmation
The combination of aggressive whale accumulation and improving technical indicators is now attracting the attention of traders monitoring Cardano’s next move.
While $ADA Remaining well below previous highs, the concentration of tokens among large holders may signal growing confidence that the asset is entering a potential recovery phase.
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