ADA whale wallets hit 4-month high as price stays weak

Santiment data shows Cardano (ADA) whale wallets rising to a four-month high: 424 wallets hold over 10 million ADA, up 5.2% over nine weeks. This accumulation has not yet translated into a clear price break. ADA is about 11% above its 2026 low set on Feb. 5, but it remains tied to a broader 2026 altcoin downtrend and was around $0.24 at the time of writing. The token is down ~42% over three months and ~53% over one year, and roughly 92% below its four-year all-time high. On-chain usage looks stronger. TapTools reported Cardano processed over 4 billion ADA in transactions over the past five days, implying more than $1B in on-chain volume—supporting the idea that whale activity is paired with higher network activity. However, market confirmation is still missing: 24-hour volume fell nearly 17% to about $361M, and ADA remains below the 50/100/200-day EMAs. Traders are split between a bullish setup around $0.245 support (cited by Ali Martinez) and a bearish view that the broader trend is still pressured (including claims of worsening chain share).