Cardano whales gathering coins, aiming for $10 in 2026 | Intellectia.AI

Whales Are Accumulating ADA Tokens: Despite the recent price dip, large wallets holding between 10 million and 100 million ADA have been steadily increasing their holdings by approximately 180 million tokens. This behavior suggests that these whales are more confident in the long-term prospects of Cardano rather than being fearful of the current market conditions. This accumulation could be an indicator of a strong rebound for ADA in 2026, as these whales are positioning themselves for future growth.

Positive Outlook for Cardano: Analyst Javon Marks has pointed out the formation of an ascending triangle pattern on the ADA chart since 2018. According to Marks, if ADA manages to break above the $0.45 mark, it could potentially trigger a massive 680% rally. This would bring the target price for ADA to around $2.97, signaling that the market is gaining strength and momentum for a significant price surge.

ETF Application to Boost ADA Visibility: The Cyber Hornet’s application for inclusion in the S&P Crypto 10 ETF, which includes Cardano, is expected to have a positive impact on ADA’s visibility among traditional investors. This move could potentially reshape the long-term demand dynamics for ADA, as more institutional and retail investors become aware of and interested in the cryptocurrency.

Rise in Institutional Investment: Grayscale’s Smart Contract Fund has recently allocated around 18.5% of its portfolio to ADA. This increase in institutional investment is a clear indication of growing confidence in Cardano’s future potential. Additionally, Grayscale has submitted a proposal for a Cardano spot ETF, which is anticipated to receive approval in early 2026. This milestone would mark a significant step forward in the adoption and recognition of Cardano within the institutional investment community.

Overall, the recent behaviors and developments surrounding Cardano indicate a positive outlook for the cryptocurrency. Whales accumulating ADA tokens, the potential for a major price rally, increased visibility through ETF inclusion, and rising institutional investments all point towards a bright future for Cardano in the coming year. As the cryptocurrency market continues to evolve and mature, Cardano appears to be well-positioned to capitalize on these trends and establish itself as a strong player in the digital asset space.