Cardano: ADA whales buy the dip token for over $348 million in four days
- Cardano is showing strong signs of price recovery – whales have invested over $348 million in ADA following the recent price decline.
- The accumulation was preceded by positive technical indicators, as well as an increase in social media mentions.
ADA is showing strong signs of revival after whales took advantage of the recent price decline and hoarded large amounts of ADA – over 348 million tokens worth around 204 million Dollar. This corresponds to 0.94% of the token quantity in circulation.
Cardano’s key stakeholders have accumulated big since its drop below $0.50 last week. In the past 4 days alone, whales and sharks have:
Accumulated 348M $ADA ($204.3M)
Bookmark and track their trends here: https://t.co/doYgcPciuR pic.twitter.com/71s2dIDmPq
— Santiment (@santimentfeed) November 10, 2025
The purchase came last week after ADA reversed its multi-week downtrend after holding key support level at $0.49. Since then, ADA has risen over 7% and is currently trading at 0,5790 Dollar traded.
Technical indicators also point to continued upward momentum. Both the MACD and RSI are pointing upwards a shift of momentum that could pave the way for further gains. A well-known analyst explained.
“If the whales continue to buy and ADA yourself about 0,6 Dollar holdsa run lasting several months can develop. However, if Bitcoin falls back sharply, there is a risk that ADA will fall again 0,5 $ Support falls behind.”
New data from Nansen supports this optimistic sentiment. The data shows that 0.34% of ADA’s total supply is held in newly created wallets. This data from Nansen has highlighted the growing interest from investors entering the Cardano ecosystem for the first time.
Cardano’s social dominance has not only extended to price, but has risen to its highest level since late September. Notably, ADA’s share of crypto discussions rose from 0.18% to 1.29%. This increase indicates increasing engagement from both the investment community and broader social circles, which often precedes increased trading activity and price volatility.
Technical indicators also agree with this optimistic outlook. The RSI is currently at 43 and trending upwards towards the neutral 50 level, indicating easing bearish pressure. A bullish MACD crossover last Sunday confirms the likelihood of continued bullish momentum.
$ADA pushing to trigger the bullish reversal on the local downtrend resistance
pic.twitter.com/RzQyjvLlpE
— Rand (@cryptorand) November 10, 2025
Data from CryptoQuant confirms this trend, showing that buying dominates both spot and futures markets, indicating strong demand amid decreasing volatility.
Looking ahead, analysts are becoming increasingly optimistic about Cardano’s long-term potential. Prominent market observers like Wolf of Crypto have identified a possible macro breakout in Cardano’s market dominance chart. The pattern shows two confirmed lows, referred to as 2025 Bottom 1 and Bottom 2. This structure is similar to a classic Elliott Wave base that preceded the 2020-2021 bull run.
$ADA Market Dominance Outlook
Cardano remains undervalued relative to the broader market.
After years of underperformance, ADA looks ready to reclaim its dominance — similar to the explosive recovery in 2020–2021.
If history rhymes, ADA could enter a strong macro uptrend… pic.twitter.com/ie7FzDyXdb
— Wolf of Crypto (@WolfsterCrypto) November 8, 2025
Another analyst, Lucid, pointed to Cardano’s expanding technology stack as a catalyst for growth. The network has added privacy features, improved scalability, and increased security. Since 2026 could be a “privacy dominant cycle,” these upgrades could attract more users and developers.
External factors could also play a supporting role. A possible end to the U.S. government shutdown or renewed economic stimulus, including possible $2,000 payments funded by tariff revenues, could provide fresh liquidity to markets and encourage renewed retail participation.
With increasing whale accumulation, increasing social interest, and positive technical signals, Cardano appears poised for a sustained recovery. As long as ADA holds its key support at $0.49, analysts believe a move towards $0.70 and potentially much higher is firmly on the table in the coming months.
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