- Large Cardano holders will accumulate 348 million ADA tokens worth $204 million between November 7th and 10th.
- The accumulated tokens represent 0.94% of the total ADA supply during the 4-day accumulation period.
- ADA has fallen more than 35% in the past 60 days from its September high.
Cardano whales and sharks are taking advantage of the token’s prolonged price decline to increase their holdings of ADA. Amid the cautious market environment, ADA has been trending downward, reflecting the movements of major cryptocurrencies including Bitcoin.
ADA, which is currently trading below $0.60 at the time of writing, has fallen over 35% in the past 60 days and 7.8% over the last month. However, on-chain data reveals that capital-rich Cardano investors are exploiting the token’s weaknesses.
Major ADA holders accumulate during debilitation
Between November 7th and 10th, Santiment data shows that these major Cardano actors acquired 348 million ADA tokens. At the time, it was valued at over $204 million, and this quantity represented 0.94% of ADA’s total supply. This massive accumulation coincides with the Cardano Foundation reporting progress on its roadmap towards global adoption.
The total supply of ADA is 45 billion tokens. According to data from CoinGecko, as of November 2025, the circulating supply of Cardano’s native currency is 36.6 billion tokens.
Since hitting $0.853 at the end of September, ADA has been steadily declining due to a market-wide correction, with BTC dropping below $100,000 at a four-month low. The token rebounded in early November after hitting a long-standing support level near $0.5, where buyers had repeatedly shown strength.
At the time of writing, ADA is trading at $0.582, down 1.1% in the past 24 hours. With whales and sharks actively accumulating, the token appears positioned to challenge the $0.6 price level.
Technical analysis suggests higher goals
Recent TradingView analysis predicts ADA to rise to $3, citing a power-of-three price pattern. This technical formation suggests a potential upside from current levels if the pattern completes as expected.
The four-day accumulation period by large holders shows the confidence of capital-rich investors despite the negative price movement. Whales and Sharks wallets typically hold between 100,000 and 10 million tokens, representing investors with substantial positions, often with longer tenors than individual participants.
The timing of the accumulation during a price decline suggests that these holders view current levels as an attractive entry point for building or expanding their positions. This action often precedes a price recovery when pressure pumping equipment is sold and demand from large holders absorbs the available supply.
Whether ADA is able to sustain gains above $0.6 will depend on broader market conditions, specifically Bitcoin’s ability to stabilize above $100,000. This token’s correlation with BTC means continued weakness in the flagship cryptocurrency could limit ADA’s recovery potential, regardless of whale accumulation.
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