On February 26, on-chain data shows that despite a temporary weakening in Cardano’s price, large wallet addresses continue to accumulate ADA. Data analytics firm Santiment revealed that the “Supply Distribution” indicator indicates that wallets holding between 100,000 and 100 million ADA (commonly referred to as sharks and whales) have significantly increased their holdings over the past few months, boosting their market influence.
Specifically, over the past six months, this core group of investors has accumulated approximately 819.4 million ADA, worth about $248 million at current valuations, increasing their share of circulating supply from 66.84% to 68.44%. This change suggests that large investors are continuing to accumulate during price dips rather than selling off, indicating a sustained medium- to long-term investment outlook.
(Source: Santiment)
Notably, this accumulation behavior shows a certain divergence from price trends. During periods of significant ADA price declines, whale addresses have accelerated their accumulation, with an even more pronounced trend since this month. This “counter-trend” positioning is often seen as a signal of bottom-fishing and is used to gauge market sentiment and potential support zones.
From an on-chain structural perspective, the continued buying by large wallets not only increases the concentration of holdings but may also influence market volatility in subsequent phases. As whale holdings rise, the tradable circulating supply decreases, often leading to increased price elasticity— a common characteristic of capital behavior in crypto market cycles.
In the short term, ADA has rebounded strongly in the past 24 hours, rising about 14% to around $0.30, indicating that buying momentum is recovering. However, future movement will still depend on overall market sentiment, capital inflow strength, and the stability of key support levels.
The market’s next focus is whether the ongoing accumulation by whales will translate into medium-term upward momentum or is merely a phase of value positioning. If the on-chain accumulation trend continues alongside increased trading volume, Cardano’s price movements, whale holdings, and on-chain capital flows could become key indicators for predicting the next market cycle.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Today, the cryptocurrency Fear and Greed Index dropped to 18, and the market remains in extreme fear.
Gate News reports that on March 6th, according to Alternative.me data, the cryptocurrency Fear and Greed Index dropped to 18 today (March 6th), down from 22 yesterday (March 5th), indicating that the market remains in a state of "extreme fear."
GateNews11m ago
Ethereum breaks through $2000 but is still being shorted? Culper Research questions the impact of Fusaka upgrade on ETH's economic model
Culper Research is shorting Ethereum (ETH) and related stocks, believing that the Fusaka upgrade could weaken the tokenomics model, leading to a sharp drop in transaction fees and an increase in low-value transactions. However, Ethereum Daily rebutted that the decline in fees and the growth of active addresses will benefit network development, and investors should pay attention to on-chain dynamics.
GateNews23m ago
Bitcoin's comeback over gold? Economist Lyn Alden predicts that cryptocurrency returns will outperform precious metals over the next three years.
Macroeconomist Lyn Alden predicts that Bitcoin will outperform gold over the next two to three years due to significant differences in market sentiment towards the two assets. Although billionaire investor Ray Dalio considers Bitcoin risky and views gold as more mature, the correlation between the two is gradually increasing, potentially offering unique opportunities for investors in the future.
GateNews26m ago
The strengthening of the US dollar suppresses Bitcoin's rebound, and Middle East conflicts may trigger a price decline
The tense situation in the Middle East has triggered a strengthening of the US dollar, putting pressure on Bitcoin and high-risk assets. Analysis indicates that the appreciation of the dollar and high inflation may limit capital inflows into the crypto market. Although Bitcoin experienced a brief rebound, it still faces institutional sell-offs and market weakness. Investors should monitor the dollar trend and market dynamics to assess potential risks.
GateNews30m ago
XRP Price Outlook: Can it Break $3 by the End of 2026? Analysts Provide Bullish and Bearish Predictions
XRP is currently priced between $1.41 and $1.46, up about 4% in the past 24 hours but still below its all-time high. Analysts predict that if the market stabilizes, XRP could rebound to $3, while it might drop to $0.65 otherwise. Regulatory factors and the expansion of real-world applications will also influence its long-term trend. Investors should pay attention to market risks.
GateNews38m ago
Bitcoin options worth $2.2 billion are expiring today, putting short-term pressure on BTC's movement around the $70,000 mark
Bitcoin price dips briefly near $70,000 as the market watches the upcoming $2.22 billion options expiration. Analysis shows more put options than call options, increasing short-term volatility risk. Geopolitical conflicts also add to market pressure, and investors should pay attention to key support and resistance levels.
GateNews47m ago
