Cardano whales have acquired 420 million ADA – does this indicate a potential increase in prices?

In April, significant holders of Cardano, referred to as whales, gathered more than 420 million ADA, indicating an increasing confidence and possible bullish trends, even amidst recent market declines. Future Layer 2 improvements such as Leios and Hydra are expected to enhance Cardano’s scalability, thereby enhancing its competitive edge in the blockchain arena. According to a recent analysis from Crypto News Flash (CNF), the market is currently focused on the $0.63 support level as whales sold off 100 million ADA. In April, investors with large holdings, specifically those possessing between 10 million and 1.183 million ADA, increased their wallets by over 420 million ADA, as reported in a recent tweet from Cardano Feeds and analytical data. Cardano investors holding large amounts are acquiring 420 million ADA as the price may be on the verge of a change. — Cardano Feed ($ADA) (@CardanoFeed) May 1, 2025. This asset alone is valued at more than $289 million, bringing their overall assets to over $12.9 billion. This reflects a resurgence of confidence in ADA’s long-term prospects, even amid recent market volatility. Such substantial accumulation is typically seen as a sign of potential upward momentum in the market. Although Cardano’s price has faced challenges staying above critical resistance levels, the actions of wealthy investors indicate they are getting ready for a significant surge in the future. Despite a slight downturn, the recent accumulation by these whales signals a positive outlook that Cardano may excel as we progress into 2025. Upcoming upgrades could prove transformative. At the same time, ADA whales have purchased 180 million as Cardano experiences a decline, as previously reported by CNF. In the future, Cardano’s technical plans may serve as the driving force behind its advancement.