Cardano (ADA) is seeing a fresh wave of large-scale accumulation, as whale transactions on the network surged dramatically over the past 24 hours.
Cardano Price: According to analyst Ali Martinez, more than 137 transactions exceeding $1 million each have been recorded in just one day—an unusually high volume that signals renewed interest from deep-pocketed investors.
The sudden spike in whale activity coincides with strong price momentum. ADA has jumped over 14% in the past week and is currently trading at $0.8259, despite a slight daily pullback of 2.56%. The rise also comes amid growing trading volume, with $1.86 billion in ADA changing hands in the last 24 hours, pushing its market cap to $29.2 billion.
On-chain data from Santiment visualizes the acceleration in large transactions alongside the token’s upward trend. The chart shows that whale activity has been ramping up since mid-July, aligning with ADA’s climb toward the $0.85 level.
Key Highlights:
- Over 137 transactions above $1 million recorded on the Cardano network in 24 hours
- ADA price is up 14.86% over the past 7 days
- Current market price sits at $0.8259 with a $29.2B market cap
- 24-hour trading volume has reached $1.86B
- Whale activity and price increases appear tightly correlated
What It Could Mean
This surge in whale transactions suggests rising confidence among large investors. Historically, spikes in high-value transactions often precede major price moves—either as accumulation ahead of a rally or distribution before a correction. For now, ADA bulls appear to have the upper hand.
With momentum building and whales actively engaged, Cardano could be entering a new phase of upward price action—if market conditions remain favorable.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/market/whale-activity-on-cardano-spikes-as-ada-price-climbs-nearly-15-in-a-week/