Cardano Rallies 26% as Whales Quietly Buy Up ADA Supply

Cardano has surged back to $0.195, gaining nearly 26% over the past week and outperforming much of the altcoin market. Surprisingly, this rally is happening even as the total number of wallets holding funds fell by 7,070 over the last two months. This pattern indicates that small retail holders are stepping back while bigger buyers absorb the available supply.

Large investors have been moving fast, buying up more than 240 million ADA in just five days. At the same time, development on the network continues to build momentum. Upgrades like Hydra scaling, the Leios testnet, Mithril improvements, and new data feed integrations are keeping the network active behind the scenes.

Market analysts note that ADA has broken above a long term downward trendline, making the $0.17 level crucial for buyers to hold. If momentum stays strong, key price levels to watch on the upside are $0.28 and $0.50. Meanwhile, total value locked in Cardano DeFi jumped 11% this week to nearly $70 million, showing that confidence is quietly returning to the ecosystem.