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Whales buy 240M ADA, sparking 22% price rise amid steady accumulation trend

Market News
02 Aug 2026
Crypto Briefing
View Source
Bullish
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Large holders of Cardano (ADA) accumulated over 240 million tokens worth about $175 million in five days, driving a 22% price increase. This buying spree is part of a sustained trend in 2026, where whales and large holders have added nearly 820 million ADA over six months. The accumulation occurred despite no major protocol updates, suggesting confidence in Cardano's long-term potential based on its steady development and upcoming projects. Analysts see this as a sign of strategic positioning, with some predicting ADA could rise to $0.85, about four times its current price.

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