Analysts are hopeful about the future price movements with the continued support of major players for the market's established altcoin.

On-chain analysis platform Santiment drew attention to the long-term accumulation trend of Cardano (ADA) investors. In particular, large investors known as whales and sharks have consistently increased their ADA holdings over the past 15 months. During this period, despite market fluctuations, ADA price rose by 107% and gained strong momentum.
According to Santiment's report, wallets holding 1 million ADA or more continued their purchases without being affected by price volatility. Since November 2023, large investors have added a total of 1.41 billion ADA. This amount corresponds to 2.35% of ADA's total supply, approximately equivalent to 1.096 billion dollars.
This major accumulation trend has provided significant support for ADA's price movements. In particular, ADA's positive divergence on days of high market volatility was a noteworthy development for investors.
Since November 2023, the ADA price has risen by 107% as large investors have started accumulating. Santiment noted that if this trend continues, ADA's price performance could strengthen even further.
On the other hand, the submission of (SEC) exchange-traded fund (ETF) applications to the U.S. Securities and Exchange Commission is increasing the interest of major companies in the project for ADA. Greater adoption of ADA by institutional investors could have a positive impact on its price in the long term.
In light of these developments, the continued accumulation of ADA by large investors indicates the cryptocurrency's potential for further growth in the future.
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