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Cardano whales hit record holdings amid price decline, signaling long-term bullish outlook despite weak network activity.

Technical Signals
28 May 2026
AMBCrypto
View Source
Neutral
pluang ai news

Cardano's major holders, known as whales, have accumulated ADA tokens to record levels not seen since 2017, controlling over 67% of the supply. This accumulation comes even as ADA's price continues to decline and network activity remains low, with fewer transactions and active addresses. Technical indicators show bearish pressure in the short term, but whale accumulation suggests confidence in a potential long-term price rebound. Price consolidation around $0.22-$0.28 indicates accumulation, but a clear trend reversal depends on increased buying and technical support holding.

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