Whales Keep Accumulating: Is a Cardano Price Surge on the Horizon?

Summary

• The uncertainty in the market and the cautious attitude of investors observed earlier in the year seem to have dissipated, as significant investors are actively engaging with major cryptocurrencies once again.
• During April, these investors actively accumulated not only Bitcoin and XRP but also Cardano.

Data from analyst Ali Martinez highlights that in April, large investors acquired more than 410 million ADA. At current prices, this accumulation amounts to nearly $300 million.

Large investors collected over 410 million #Cardano $ADA in April! pic.twitter.com/8Qa6xCaWtb

— Ali (@ali_charts) May 2, 2025

This marked a significant shift from their activities in late February and mid-March, when there were numerous reports of substantial sell-offs.

At that time, the overall market sentiment was quite negative, exacerbated by the trade tensions initiated by US policies, which affected all financial sectors, including cryptocurrency.

However, as the shock from the tariffs seems to have subsided, investors are progressively re-entering the cryptocurrency market with significant acquisitions. Recently, it was reported that major investors purchased $4 billion in Bitcoin over a two-week span.

Additionally, in April, they engaged in a buying frenzy for XRP, acquiring more than 900 million tokens. While the amount for ADA is lower in both absolute terms and dollar value, it still reflects a noteworthy shift in buyer behavior.

Earlier in April, ADA’s price fell to a multi-month low of $0.5, but it has since rebounded by approximately 40%, now trading around $0.7. If large investors continue to accumulate rather than sell, it is likely to have a beneficial impact on its long-term price trajectory.