Cardano Whales Go on Buying Spree – $0.91 Target in Sight as ADA Accumulation Surges

Crypto's 'academic coin' gets a whale-sized vote of confidence.

Cardano (ADA) is flashing bullish signals as deep-pocketed investors pile in, with $0.91 emerging as the next key psychological target. The Ethereum rival—beloved by peer-review papers but often mocked for delayed upgrades—is seeing unusual accumulation patterns from addresses holding 1M+ ADA.

Whale Watching Season

On-chain data reveals a 17% spike in large transactions (>$100k) this week. The timing coincides with Cardano's Vasil hardfork finally delivering promised scalability improvements—only nine months behind schedule.

Price Action Heating Up

ADA's 24-hour trading volume surged 42% as the coin tests resistance at $0.85. Traders are watching for a clean break above this level to confirm the uptrend. Meanwhile, perpetual swap funding rates remain neutral—no excessive leverage yet.

Just don't mention the 80% drop from its 2021 peak. (Whoops, we did.)