A massive $10 million influx of capital fuels a major Cardano uptrend, poised to skyrocket by over 500% as a persistent bullish formation reaches a critical tipping point.
The $ADA coin is attracting savvy investors’ interest, according to a revelation disclosed by market analyst Ali Martinize. As per the data shared today on the X platform, large investors, popularly recognized as whales, have purchased over 10 million $ADA tokens over the past 72 hours. This accumulation trend occurs against the background of the corrective momentum of Cardano ($ADA) prices, making the situation interesting for crypto market enthusiasts.
Today, at press time, Cardano trades at $0.2476, after seeing a slight rise of 0.7% over the past 24 hours. Together with that, its price has been down 0.4% and 0.2% over the past week and month, respectively, showing its consolidation.
Whales accumulated over 10 million Cardano $ADA in the past 72 hours. pic.twitter.com/outhPvacNP
— Ali Charts (@alicharts) May 1, 2026
Cardano In The Accumulation Phase
Today, well-recognized analyst Ali Martinez disclosed on the X social media that in the last three days, large $ADA token holders bought assets valued at more than $10 million, indicating increased enthusiasm among investors amidst the asset’s market dip. Traditionally, such huge token accumulations often lead to price surges, showing rising confidence and hinting at a potential bullish trend for Cardano. The ongoing whale activity signals a shift towards bullish sentiment, pointing out that major market participants see promise in the crypto’s future.
On-chain data shows that $ADA is silently doing something intriguing. As its price trades around $0.2476 today, CoinMarketCap metrics show a significant increase in the asset’s trading volume and market cap, indicating strong buying activity across both spot and futures markets. Its daily trading volume rose to $275.9 million against a $9.2 billion market cap, pointing out a strong participation ratio, showing a growing order book.
The current price of Cardano is $0.2476.
$ADA Could Rise To $2: Analysis
From a technical analysis perspective, the weekly chart shows Cardano appears in the formation of a bullish fractal pattern, a structure that traditionally brings significant breakout, often seen in major growth crypto assets.
This similar pattern made $ADA record massive gains of over 100% surges in two weeks during the post-election rally of 2024/2025. During that time, $ADA was trading at $0.2516, and the bullish pattern formation enabled its push to the $2 mark, representing a 695% rise. The similar price pattern suggests that Cardano is currently preparing for an imminent breakout in the coming weeks.