Cardano (CRYPTO: ADA) is up 4.5% on Tuesday and steady accumulation trends point to a solid long-term outlook for the months ahead.
Whales Hit 3.5-Year Accumulation High
In an X post on July 14, on chain data platform Santiment Intelligence noted that wallets holding between 100,000 and 100 million ADA are now controlling more than 25.6 billion ADA. This is their highest balance since February 2023.
In contrast, retail investors appear to be reducing exposure. Wallets holding fewer than 100 ADA now own about 0.7% fewer coins than they did four months ago.
The accumulation comes as ADA continues to face bearish sentiment after underperforming throughout 2026 and recently trading near multi-year lows.
