Cardano Whales and Sharks Accumulate 348M ADA in 4 Days

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As reported by The Crypto Basic, Cardano whales and sharks have accumulated 348 million ADA tokens over four days, representing 0.94% of the total supply. The accumulation occurred as ADA's price dropped below $0.6, with the token down over 35% in the past 60 days. Santiment data shows the buying activity coincided with the Cardano Foundation's progress on its global adoption roadmap. ADA is currently trading at $0.582, down 1.1% in the past 24 hours.

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