Cardano (ADA) is trading at $0.160 on Monday, following a sharp 11% decline over the past week. While on-chain data suggests some large holders are accumulating during the dip, derivatives market indicators continue to signal caution, limiting expectations for a near-term recovery. The divergence between spot accumulation and derivatives sentiment highlights growing uncertainty around ADA’s short-term direction. Whale wallets accumulate during price weakness On-chain data from Santiment shows that select large holders increased their ADA exposure during the recent sell-off. Wallets holding between 10 million and 100 million ADA accumulated approximately 370 million tokens since June 15, signaling sustained interest from the largest cohort of investors.
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