Cardano trading volume jumps 380% after $240 million whale buying in 5 days

AI Market Summary
Santiment data indicates whales deployed roughly $240m into Cardano over five days, coinciding with a ~25% rally and a 380% volume spike, lifting ADA back into the global top 15 by market cap (overtaking XMR). The move also triggered notable futures short liquidations, implying aggressive positioning and elevated leverage. Focus now shifts to whether the $0.15 support zone holds, shaping near-term volatility.
Impact level
● Medium
Affected assets
ADA/USDT-1.61%
AI Insight · ADA/USDTAI Insight
▲ Bullish
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Whales allocated $240 million to Cardano over five days, helping lift ADA 25% while trading volume surged 380%, Santiment data show. Technical analyst Ali Martinez said the rally pushed Cardano’s market capitalization past Monero, bringing it back into the global top 15. The price jump also sparked a wave of short-position liquidations in futures markets. ADA has hovered near a $0.15 support level since mid July, with observers watching whether that support cluster breaks.