{"id":92347,"date":"2026-05-14T09:33:14","date_gmt":"2026-05-14T09:33:14","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=92347"},"modified":"2026-05-14T09:33:14","modified_gmt":"2026-05-14T09:33:14","slug":"cardano-whales-keep-buying-as-ada-crashes-71-in-9-months","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=92347","title":{"rendered":"Cardano Whales Keep Buying as ADA Crashes 71% in 9 Months"},"content":{"rendered":"
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At $0.26, Cardano (ADA) continues to trade significantly below its previous market highs, but large holders of the 11th-largest crypto asset by market cap appear unfazed.<\/p>\n

In fact, new data suggests that millionaire-tier Cardano wallets consistently expanded ADA holdings.<\/p>\n

Aggressive ADA Buying Spree<\/h2>\n

According to crypto analytics platform Santiment,\u00a0wallets holding at least 1 million ADA have steadily increased<\/a> their share of the supply. These wallets now collectively hold 25.09 billion ADA, which represents 67.47% of the current circulating supply. The accumulation trend has continued even as Cardano\u2019s market cap dropped more than 70% over the past nine months.\u00a0Santiment said the \u201cmillionaire\u201d tier of sharks and whales appears to be taking advantage of lower prices.<\/p>\n

Amid continued accumulation by major Cardano holders, crypto analyst Ali Martinez recently pointed<\/a> to the $0.25 level as a historically important price zone for ADA. According to Martinez, Cardano saw a strong recovery after holding that level in January 2023, as the asset rose more than 88% in the following weeks.<\/p>\n

A similar trend unfolded in September 2023 as well, when ADA once again maintained support around $0.25 before later recording a 243% rally. With Cardano currently trading above $0.26, the same support range remains critical for the asset\u2019s price structure.<\/p>\n

Based on his analysis, continued strength above the $0.25 zone could support a move toward $0.36, while a broader rally could push ADA toward $0.53. However, he warned that losing the support range could lead to a deeper correction.<\/p>\n

Scaling Debate Intensifies<\/h2>\n

Beyond price, Cardano continues to face<\/a> criticism over the pace of its development and scaling progress. Responding to those concerns, Cardano founder Charles Hoskinson recently pushed<\/a> back against claims that the network had \u201cabandoned scaling in favor of governance.\u201d<\/p>\n

Hoskinson said Cardano\u2019s scaling research has been ongoing since before the Shelley era and involved years of work across Layer 2 solutions, the extended UTXO accounting model, zero-knowledge technologies, partnerchains, and the Leios protocol. He explained that many of these initiatives required extensive research, scientific publications, and long-term engineering efforts that could not simply be accelerated by adding more developers.<\/p>\n

Hoskinson also maintained that the implementation of the Voltaire governance system did not divert resources away from scaling research.<\/p>\n

The post Cardano Whales Keep Buying as ADA Crashes 71% in 9 Months<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

At $0.26, Cardano (ADA) continues to trade significantly below its previous market highs, but large holders of the 11th-largest crypto asset by market cap appear unfazed. In fact, new data suggests that millionaire-tier Cardano wallets consistently expanded ADA holdings. Aggressive ADA Buying Spree According to crypto analytics platform Santiment,\u00a0wallets holding at least 1 million ADA […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-92347","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/92347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=92347"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/92347\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}