Cardano Whales Gobble Up ADA as Grayscale’s Large Cap Fund Pumps Its Price
Big money is flooding into Cardano—again. ADA’s sudden surge in Grayscale’s Digital Large Cap Fund has crypto’s deep-pocketed investors scrambling for position. Here’s why the smart money (or the reckless money, depending on who you ask) is betting big.
Grayscale’s Stamp of Approval: Institutional Validation or Just More Fuel for the Speculative Fire?
When Grayscale sneezes, the crypto market catches FOMO. ADA’s inclusion as a top performer in their Large Cap Fund isn’t just a bullish signal—it’s a neon sign flashing ’buy’ for whales who’ve been waiting for an excuse to pile in. Never mind that most couldn’t explain Cardano’s proof-of-stake protocol if their yacht depended on it.
The Whale Feeding Frenzy: Accumulation Phase or Prelude to a Pump-and-Dump?
On-chain data shows wallets holding 1M+ ADA have increased holdings by 12% this month alone. Whether this is strategic accumulation or just herd mentality dressed up as ’fundamentals’ remains to be seen. After all, in crypto, ’large cap’ just means ’not completely implausible as an investment’—standards we can all admire.
What’s Next for ADA: Sustainable Growth or Another Ride on the Institutional Hype Cycle?
With staking yields holding steady and Charles Hoskinson’s Twitter activity reaching new levels of cryptic, Cardano’s price action may have less to do with tech and everything to do with traders chasing the next shiny object. But hey—at least this time it’s not a meme coin. Progress!
Cardano continues to witness heightened on-chain activity after whales recently amassed 40 million ADA, worth a whopping $31.6 million.
This uptick in buying pressure has been instrumental in accelerating Cardano’s price. According to CoinGecko data, the ninth-largest cryptocurrency based on market value has been 20% up in the past week to hit $0.7942 at the time of writing.
Nevertheless, Cardano is in a key resistance zone between $0.77 and $0.80, making its next move crucial.
Cardano Steals the Show in Grayscale’s Top 10 Crypto Assets
According to a crypto proponent by the name Nala, “Cardano made it to the Grayscale Digital Large Cap Fund, officially. ADA is now ranked 4 in Grayscale’s Top 10 Crypto Assets by 1-Week Gains.”
As an investment product by leading asset management firm Grayscale Investments, the Grayscale Digital Large Cap Fund (GDLC) enables investors to widen their scope to a diversified portfolio of large-cap cryptocurrencies.
With Cardano coming fourth with a weekly gain of 8.6% after Ethereum, SUI, and Dogecoin on Grayscale’s Top 10 Crypto Assets, ADA’s exposure to institutional investors, such as wealth managers and hedge funds, continues to grow.
Therefore, this shows heightened institutional investors’ confidence in Cardano’s long-term utility and value.
Meanwhile, Cardano’s founder Charles Hoskinson believes that the altcoin will become the fastest cryptocurrency on the planet, thanks to the upcoming Ouroboros Leios upgrade.
