Cardano Price is experiencing significant momentum as whale accumulation trends emerge, capturing the attention of crypto enthusiasts. According to recent data from Santiment, whale wallets holding between 1 million and 100 million ADA have added a staggering 100 million ADA in just 24 hours. This accumulation has increased their total holdings to approximately 18.65 billion ADA, signaling a potential shift in market dynamics.
Over the past day, ADA’s price has fluctuated between $0.86 and $0.88, a slight recovery from recent lows. The strategic buying by whales during this dip indicates that larger investors are positioning themselves to capitalize on future price increases. Historically, such moves have often provided a cushion during market corrections, suggesting a renewed interest in Cardano.
Price Action and Technical Indicators
As of writing, the Cardano price stands at $0.88, marking a 3% rise within the last 24 hours, despite a 10% decline over the past week. Analyst Javon Marks has observed that Cardano’s current price structure mirrors previous market cycles. This similarity in patterns could potentially lead ADA towards an impressive $8 mark, representing a 740% surge from its current value.
Charts comparing past and present cycles suggest that ADA might be entering a similar corrective and impulsive phase, which historically precedes significant rallies. If these patterns hold, Cardano could be on the cusp of another major price movement.
Derivatives Market and Institutional Interest
The derivatives market further highlights growing interest in Cardano. Despite a 4% drop in open interest to $1.61 billion and an 18% fall in trading volume to $5.27 billion, the funding rate has turned positive at 0.0072%. This indicates that traders are increasingly optimistic, with long positions outweighing shorts.
Remarkably, such shifts in the derivatives market often signal impending price rallies, as evidenced by trends seen earlier in July. On August 14, ADA futures volume reached an impressive $7 billion, the highest since March 2025, underscoring heightened trader focus on Cardano.
Additionally, institutional interest in ADA is on the rise. Grayscale’s recent creation of a Delaware-based trust for ADA has sparked discussions around the possibility of a spot ETF, further fueling speculation about increased institutional involvement. Such developments could drive continued interest in Cardano from larger investors, potentially impacting its future price trajectory.
In conclusion, the recent whale accumulation and growing derivatives market activity suggest a vibrant future for Cardano. As institutional interest builds, ADA may very well be poised for a remarkable ascent, further solidifying its position in the crypto market.
