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    Home»CoinDesk Indices»ADA Price Jumps as Whales Boost Holdings and Investors Hold
    CoinDesk Indices

    ADA Price Jumps as Whales Boost Holdings and Investors Hold

    Token FlashBy Token FlashMarch 7, 2025No Comments3 Mins Read


    Cardano’s native coin, ADA, has surged by 47% over the past seven days, defying this week’s market volatility. 

    The double-digit price rally comes as whale accumulation increases and investors extend their holding time, signaling strong confidence in the asset.

    ADA Supply Shrinks as Whale Accumulation and Long-Term Holding Surge

    According to Santiment’s data, Cardano whales that hold between 10 million and 100 million ADA coins have significantly increased their holdings over the past week. During that period, this whale cohort has acquired 220 million coins, valued above $192 million at current market prices. 

    ADA Supply Distribution
    ADA Supply Distribution. Source: Santiment

    At press time, the group of large investors collectively holds 12.74 billion ADA, marking their highest accumulation in six months.

    When whales increase their holdings like this, it drives upward price momentum by reducing the available supply in the market. This trend may also trigger FOMO (fear of missing out) among ADA retail investors, leading to increased buying pressure and further price appreciation. 

    Additionally, on-chain data has shown a notable increase in ADA’s average holding time among investors over the past week. This suggests a shift towards long-term conviction rather than short-term trading for quick profits. According to IntoTheBlock, the holding time of all ADA coins transacted over the past seven days has increased by 78%.

    ADA Holding Time Of Transacted Coins
    ADA Holding Time Of Transacted Coins. Source: IntoTheBlock

    The holding time of an asset’s transacted coins tracks the average duration tokens are kept in wallets before being sold or transferred. 

    Longer holding periods such as this reduce the selling pressure in the market. It reflects stronger conviction among ADA holders as they choose to keep their coins rather than sell them. 

    Can It Push Past $0.94 to a Three-Month High?

    On the daily chart, ADA’s rising on-balance volume (OBV) confirms the surge in demand. This is currently at 52.56 billion, climbing 2% since March 1. 

    This momentum indicator tracks buying and selling pressure by adding volume on up days and subtracting it on down days. When it rises during a rally, it signals strong buying demand, suggesting the price increase is backed by strong demand and may continue.

    If ADA’s price uptick continues, it could break through the resistance at $0.94 and trade at a three-month high of $1.32.

    ADA Price Analysis
    ADA Price Analysis. Source: TradingView

    On the other hand, if demand falls, ADA’s price could fall to $0.72.

    Disclaimer

    In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.



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