Cardano whales and sharks have continued to increase their ADA holdings, taking advantage of the altcoin’s prolonged price dip.
Amid a largely cautious market, ADA has seen its price on a significant downtrend, mirroring moves in other major cryptocurrencies like Bitcoin (BTC). Currently trading below $0.6 at press time, ADA has dropped over 35% in the past 60 days and 7.8% in the past month.
Between November 7-10, Santiment data shows that these key Cardano stakeholders bagged a whopping 348 million ADA tokens. Worth over $204 million at the time, this number of tokens amounts to 0.94% of the total supply of ADA.
Interestingly, this heavy accumulation coincides with the Cardano Foundation’s reported steady progress on the roadmap to global Cardano adoption.
ADA has a total supply of 45 billion tokens. According to data on CoinGecko, the Cardano native currency has a circulating supply of 36.6 billion tokens as of November 2025.
ADA Looks to Regain $0.6
Since touching $0.853 in late September, ADA has been on a steady decline to date, fueled by the market-wide correction that took BTC to four-month lows below $100,000.
ADA rebounded in early November after hitting a long-standing support level of around $0.5, where buyers had repeatedly shown strength. At the time of writing, ADA is trading at $0.582 and is down 1.1% in the past 24 hours.
With whales and sharks accumulating aggressively, ADA looks poised to break the $0.6 price level.
A recent TradingView analysis predicts an even higher rally for ADA to $3, citing a Power of Three (PO3) price pattern.
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
Analyst: BTC $63k is the watershed between bulls and bears; multiple support levels form the entry range
Crypto analyst Ali Martinez says that current market volatility could provide cycle-level get on board opportunities, and has set multiple key price ranges based on on-chain data. The main support band is $63,111 to $70,685; if it breaks below, it could lead to a liquidity vacuum. In the long term, BTC is approaching its historical uptrend line, and it’s recommended to accumulate in batches.
GateNews1h ago
The U.S.-Iran negotiations have been inconsistent, and Bitcoin and gold both surged and then fell back.
After the Iran–Israel ceasefire, Bitcoin and gold both rose in sync before pulling back. From the perspective of geopolitical chess, we break down the deeper logic behind the price moves and the outlook that follows.
InstantTrends2h ago
Bitcoin Sits at a Crucial Support Level, Analyst Expects Break Above $79,000 or Below $64,000
Bitcoin sits at a crucial support level, big move could play out soon.
Analyst expects break above $79,000 for bullish reaction.
A bearish reaction and a drop below $64,000 could also play out.
This week was an exciting one for the
CryptoNewsLand3h ago
Solana Recovery Gains Pace While Derivatives Data Shows Split Sentiment
Key Insights
Solana records four consecutive days of gains as funding rates rise, signaling stronger retail interest while overall market conviction remains divided across participants.
Declining futures Open interest alongside rising funding rates highlights reduced trader exposure,
CryptoNewsLand4h ago
ATOM Eyes 15% Gain: Technical Indicators Point to Possible Upswing
ATOM broke a long bearish trend with a 5.25% price increase.
Price must close above $1.77 to confirm a potential 15% rally.
Top holders and rising Open Interest indicate growing bullish sentiment among traders.
Cosmos — ATOM, has started showing signs of breaking free from a long bearish
CryptoNewsLand4h ago
Bitcoin’s implied volatility drops to an intra-year low, and the market is reacting mildly to Friday’s CPI data
April 9, U.S. March CPI data will be released on April 11. The market expects the year-over-year rate to rise from 2.4% to 3.4%. The Bitcoin market has responded calmly, with the options market’s volatility range only at 2.5%. Attention has been drawn by the rise in gasoline prices. Analysts believe that CPI data coming in either too soft or too hot will have different impacts on the crypto market.
GateNews6h ago
