Cardano’s ADA Reaches 2.5-Year High of 90 Cents Amid $12B Whale Holdings Surge

Bitcoin’s surge toward the $100,000 mark is creating ripples across the broader cryptocurrency market, leading to a rise in interest in alternative tokens, particularly Cardano (ADA).

ADA has seen an impressive 10% price increase in the past 24 hours, reaching 90 cents, its highest level since May 2022. The coin has gained 22% in the past week and a striking 152% in the last month. This rally has elevated Cardano’s market capitalization to $30.85 billion, positioning it as the 10th-largest cryptocurrency globally. Meanwhile, the CoinDesk 20 Index, which tracks the broader market, has grown by 14% this week and 58% this month.

A key driver behind ADA’s rise is the growing interest from whales—investors holding over $10 million in ADA. Data from Tagus Capital reveals that whale holdings of ADA now exceed $12 billion. Furthermore, on-chain metrics from IntoTheBlock confirm a sharp 300% increase in large transactions over the past two weeks, indicating significant institutional interest.

Cardano’s momentum is also supported by a bullish sentiment in the market, with speculation that founder Charles Hoskinson’s potential collaborations with the incoming Trump administration could lead to favorable regulatory policies for crypto. This combination of whale accumulation and institutional involvement signals that the recent rally in ADA could have long-term staying power.