Over the last three weeks, large Cardano (ADA) holders have accumulated more than 210 million tokens, according to blockchain data shared by analyst Ali Martinez. This activity has emerged during a period of price weakness, with ADA falling by over 7% in the last 24 hours and trading near $0.36.

The token has traded between $0.36 and $0.4 in the past 24 hours, with a broader 7-day range of $0.36 to $0.43. Market pressure has increased amid renewed tensions between the European Union and the United States, adding to the pullback across digital assets.

Whales Accumulate ADA Amid Price Weakness

The accumulation of 210 million ADA by large wallets took place while prices remained under pressure. On-chain activity suggests this move reflects preparation rather than response.

“210 million Cardano $ADA bought by whales in the past three weeks!”
— Ali Charts
Translation: 210 milyon Cardano $ADA, son üç haftada balinalar tarafından satın alındı!

While ADA’s price has not yet responded to this buying, exchange reserves have slightly decreased, suggesting a less available supply for immediate trading. In this type of market structure, smaller demand spikes can dramatically impact prices.

However, whale accumulation does not guarantee an immediate price reversal. It establishes a base that may support future moves if confirmed by volume and momentum.

Currently, ADA is trading just above the $0.36 mark, which is part of a long-tested support zone ranging down to $0.28. A break below this level could lead the token toward $0.27.

Futures Traders Show Lower Confidence

Recent data indicates the open interest-weighted funding rate for ADA is at -0.0037%, reflecting a cautious sentiment among futures traders. This trend shows uncertainty concerning future price movements.

In the meantime, the Cardano Foundation has shown support for a proposal that involves an $80 million fund aimed at promoting Cardano’s adoption through various initiatives. Additionally, CME Group is preparing to introduce ADA futures, with trading anticipated to commence pending regulatory clearance.