820,000,000 ADA in 6 Months: Why Cardano Whales Buy the Dip in Bulk

Whales and Sharks have acquired more than $220 million in ADA in the last 180 days.

However, the accumulation efforts of major investors indicate that a recovery may be approaching.

Buy during the decline

The crypto analysis platform Santiment revealed that Cardano investors with between 100,000 and 100 million ADA have purchased almost 820 million coins in the last six months. At current rates, the acquired stock is over $220 million. The collective holdings of these whales and sharks have risen to 25.36 billion tokens, representing almost 70% of ADA’s circulating supply.

The accumulation comes at a time when Cardano’s native token is struggling, losing a significant portion of its value. By the end of August, ADA was trading around $0.90, while it is currently worth around $0.27 (according to CoinGecko data), representing a 70% decline.

Stacking coins during recessions is a common approach among whales, as they often view lower prices as great buying opportunities. This development reduces the circulating supply of ADA, which could be followed by a rally (assuming demand remains stable or moves north). Last but not least, big investors are seen as experienced market players who may have access to deeper insights, so their actions are rarely considered irrational.

Some technical indicators are leaning towards a bullish outlook. ADA’s Relative Strength Index (RSI) has fallen below 30 on a weekly scale, indicating that the token has entered oversold territory and is due for a revival. The metric ranges from 0 to 100 and helps traders identify potential reversal points by measuring the speed and magnitude of price changes. Ratios below 30 are considered buying opportunities, while anything above 70 is a bearish zone.

ADA’s recent exchange grid current is the next focus factor. In recent weeks, outflows have dominated inflows, indicating that investors have abandoned centralized platforms and turned to restraint. This in turn reduces the immediate selling pressure.

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Price predictions

Some market observers are optimistic that Cardano’s native token is indeed gearing up for a leap. X user Bitcoinsensus hinted on a possible shift in the monthly structure, predicting a recovery in the coming months and a rise to a new record by the end of 2026.

“Historically, major expansions followed prolonged phases of compression – the structure is now in a major transition zone,” she added.

Crypto Tony is on the opposite corner. The trader argued that ADA “looks weak at the lowest level” and asks their 550,000+ followers when a crash to zero could happen.