Cardano Price Faces Pressure as ADA Whales Increase Holdings

Key Insights

• Wallets holding at least 1 million ADA now control 67.49% of supply.
• A weekly death cross is approaching as ADA trades below key support.
• Charles Hoskinson reiterated his long-term outlook for blockchain adoption.

Cardano price remained under pressure after weeks of selling activity, even as large ADA holders continued increasing their positions. On-chain data showed whale wallets controlling their largest share of ADA supply since 2017.

At the same time, the weekly chart approached a potential death cross, placing greater attention on nearby support levels and broader market sentiment.

Cardano Whales Hold Their Largest Share Since 2017

Large Cardano holders continue to add ADA even as the token trades far below its former highs. Santiment data shows wallets holding at least 1 million ADA now control about 25.11 billion coins. That marks their largest collective balance since December 2017 and gives these wallets around 67.5% of the total supply.

This accumulation shows that large investors continue to treat the current weakness as a long-term buying zone. However, whale buying has not yet reversed ADA’s price trend. Smaller traders and broader market demand still need to improve before Cardano can build a stronger recovery.

Exchange data also shows that millions of ADA have left trading platforms in recent days. This usually points to lower immediate selling pressure. Even so, ADA has continued to fall as the wider crypto market remains weak, with Bitcoin also losing key support levels.

Death Cross Puts ADA Support Zone in Focus

Cardano price is now at a key point on the weekly chart as a death cross moves closer. The setup appears when a short-term moving average drops below a longer-term one, which often signals that sellers still control the trend.

ADA has also moved under the $0.24 support level, an area buyers had protected for several months. If the decline continues, traders may watch $0.20 as the next major level. A stronger breakdown could put the 161.8% Fibonacci level near $0.16 back in focus.

Still, this setup has not always led to deeper losses for Cardano. In December 2022, ADA formed a similar death cross while the RSI was close to oversold territory. The token then rebounded from about $0.23 to $0.41 within six weeks, showing that the pattern does not always extend a downtrend.

The current RSI near 33 shows weak momentum, yet it also suggests sellers may be nearing exhaustion. That makes the $0.24 to $0.25 region important for ADA crypto short-term direction. A recovery above that zone could open a move toward $0.256, while another rejection may keep bears in control.

Charles Hoskinson Says Crypto Still Has a Wider Mission

Cardano founder Charles Hoskinson added a broader view during the Bermuda Digital Finance Forum in May 2026. He said he remains in crypto as he believes decentralized systems can give more people access to finance. He framed blockchain as a tool for economic identity, not only a market for wealthy investors.

Hoskinson described blockchain as a “truth engine” due to its timestamped, transparent, and immutable records. He said open financial systems can reduce barriers that keep people unbanked or locked into costly financial structures. He also pointed to Cardano’s privacy-focused Midnight project as part of the industry’s effort to protect users while expanding access.

The Cardano founder also criticized the control that global financial institutions can hold over national monetary systems. He cited discussions around a digital version of Georgia’s currency and said outside pressure affected that effort. In his view, blockchain networks can give countries and citizens more independence through open infrastructure.

Hoskinson also predicted that crypto could grow from about $2.5 trillion today to a $100 trillion industry over the next 12 years. That forecast remains a long-term view, while ADA’s price still faces near-term technical pressure. For now, Cardano’s market setup depends on whether whale accumulation can meet stronger demand from regular buyers.

Cardano price next move depends on how buyers respond near the current support area. If ADA reclaims the $0.24 to $0.25 zone, traders may look for a short-term rebound toward the 61.8% Fibonacci level near $0.256. Stronger volume would give that move more support. If ADA fails to regain that area, the bearish setup may extend toward $0.20.

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