- Analysts Santiment noted that cryptocurrency investors “sharks” and “whales” have not stopped increasing their positions since December 2023.
In accordance with the new data analytical platform Santiment, major holders Cardano continue to accumulate ADA despite the prolonged downturn in the cryptocurrency market.
The company reported that wallets holding at least 1 million ADA tokens collectively control 25,09 billion ADA (an all-time high). This figure represents 67,47% of the current supply. Cardano in circulation, which is the highest concentration since July 2020.
Santiment data
Santiment experts noted that these large holders, often referred to as “sharks” and “whales,” have been accumulating their positions since December 2023. This accumulation continues even though ADA has lost approximately 71% of its market capitalization over the past nine months.
At the time of writing the article Cardano was traded for $ 0,2697.
Sustained accumulation by large holders is often seen by traders as a sign of confidence in the future price direction of an asset. A chart provided by Santiment also showed that the percentage of ADA supply controlled by these large holders has steadily increased over the past year.
Cryptoanalyst Ali Martinez made an optimistic Cardano forecast, according to which ADA may be preparing for a new rally after several months of strong downward pressure. In his opinion, the SuperTrend indicator, which gave a sell signal in September 2025 before the decline Cardano by 73%, now turned bullish.
According to the analyst, the new buy signal suggests that the local exhaustion phase is underway Cardano, may be coming to an end and opening the way for a trend reversal.
According to Martinez’s calculations, ADA will initially target the resistance level of $0,33 if the rally continues. Cardano may approach the $0,42 mark.
At the same time, a break of the support at $0,25 will cancel the recovery and weaken the current situation.
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