Cardano Whales Accumulate $289M in ADA – But Price Still Below $0.70

Cardano (ADA) is back in the news following a surge in whale accumulation in April 2025. A close look at on-chain statistics from Santiment reveals that whales have collectively purchased 420 million ADA tokens, valued at an estimated $289 million (₹2,400 crore) based on prevailing market prices.

For all the enormous hoarding, ADA price has yet to clear the key $0.70 resistance threshold, and concerns are being raised about short-term price momentum while long-term interest is still strong.

Whale Wallets Scoop Up Large – But ADA Price Is Still At a Standstill

Santiment defines whales holding wallets that contain between 10 million and 100 million ADA tokens. Such wallets' holdings overall rose from 12.47 billion to 12.89 billion ADA, indicating fresh long-term faith in Cardano's prospects.

However, ADA is trading at about $0.68, ranging in a tight band for the last five weeks. The token hit $0.74 briefly earlier this month but rapidly retreated, unable to sustain the upward trend.

"A breakout above $0.74 could potentially lead to a rally toward $0.80," said analysts monitoring ADA's technical trends.

What Do the Technical Indicators Say?

Based on TradingView data, ADA's Relative Strength Index (RSI) is in a positive territory and has hit its highest two-month high. This shows increasing buying pressure, although the momentum hasn't yet crystallized into a price breakout.

Key Price Levels to Watch:

• Resistance: $0.70 (short), $0.74 (breakout trigger), $0.80 (next target)
• Support: $0.66 (immediate), $0.60 (bearish critical threshold)
• If ADA drops below $0.66, the bearish risk may run to $0.60, potentially dampening bullish sentiment.

Hoskinson's $10 Price Prediction

To fuel more speculation, Cardano founder Charles Hoskinson recently revealed that ADA has the potential to rise to $10 if the project roadmap goes according to plan and that community engagement continues to be strong.

Although his aggressive forecast has reignited investor enthusiasm, technicals indicate price action must be confirmed by volume and breakout levels before such goals become feasible.

Also Read: Cardano & Ethereum Unite to Launch Post-Quantum Secure Identity Wallet

Whale Accumulation as a Long-Term Indicator

Whale accumulation has traditionally been viewed as a forward indicator of reversal in market sentiment. These large investors generally have access to profound analysis and like to position themselves before significant market movements.

"Whales purchasing during volatile market conditions might indicate a long-term bullish trend for Cardano," according to an independent blockchain analyst.

The buying is taking place at a time when the larger crypto markets continue to remain volatile, while Cardano's steady but slow development — its latest Quantum Secure Wallet collaboration with Ethereum being an example — has continued to put it in the minds of investors.