Cardano whales accumulate ADA as price hits $0.21
Cardano (ADA)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Cardano is trading at $0.210 on Friday after declining more than 7% since the beginning of the week. On-chain data shows that large investors are accumulating ADA, with wallets holding between 10 million and 100 million ADA accumulating approximately 160 million tokens since Sunday. Santiment's Supply Distribution data indicates these purchases suggest whales view the lower prices as a long-term buying opportunity. However, conflicting derivatives and on-chain signals suggest traders remain uncertain about whether the cryptocurrency can recover or extend its decline.
How the market reacted
Whalio's own Binance spot order flow for ADA, measured when this story was written up on 28 August 2026. Not the outlet's figures.
ADA is currently trading at $0.2138, with a 1-hour buy ratio of 39.7% and a 4-hour buy ratio of 39.5%. These short-term figures are lower than the 24-hour buy ratio of 48.5%, indicating that buying pressure is fading in the immediate term. The volume delta is negative across all timeframes, showing -$113,318 in the last hour, -$468,512 over four hours, and -$790,959 over 24 hours. This negative volume delta means that sell volume has exceeded buy volume, resulting in net outflows from the market. Over the past 24 hours, there were 9 hours of net buying out of 24, with a total spot volume of $25,975,849 and 176,427 trades recorded.
The latest daily buy ratio of 45.6% sits at the 5th percentile of the last 322 days, against a median of 49.2% - among the weakest buying days it has had.
Twenty-four hours later
What ADA did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for ADA, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 49.5%, making the latest day's performance slightly lower by 1.0 point. The volume for the day was 0.52 times the average, indicating significantly lower trading activity compared to the weekly norm. Only 2 of the past 7 days saw net buying, suggesting that buying has been sporadic. Despite the recent pullback, the price has increased by 7.4% over the last 8 days. The total volume delta for the 8-day period was positive at $589,355, contrasting with the recent negative daily delta.