Cardano Whales Buy 200M ADA Dip Ahead of Berlin Summit

The Cardano network witnessed significant whale activity as large holders capitalized on recent price volatility to accumulate substantial positions. Analytics platforms tracking address cohorts reported renewed accumulation patterns, with wallets holding between 10-100 million ADA and those containing over 1 billion ADA expanding their balances significantly. This coordinated buying activity represents a clear vote of confidence from sophisticated investors who typically have deeper market insights and longer investment horizons.

The 200 million ADA purchase worth approximately $140 million at recent prices occurred over a concentrated 48-hour period following last week’s market downturn. This strategic accumulation suggests that large holders view current price levels as attractive entry points for building positions. The timing is particularly noteworthy as it precedes major ecosystem events that historically influence ADA’s price trajectory and market sentiment.

Complementing the whale accumulation data, network ‘spent coin’ metrics declined by 51%, indicating fewer coins are moving to sell positions and that distribution pressure is easing. This reduction in selling activity, combined with aggressive buying from large wallets, creates a favorable supply-demand dynamic that could support higher price levels in the near term.

Beyond whale accumulation, two major developments are fueling optimism for Cardano’s near-term prospects. eToro’s launch of ADA staking services for U.S. users represents a significant milestone, potentially opening reward access to over 40 million users on the platform. This expansion of staking capabilities could reduce liquid supply as holders choose to lock their tokens to earn passive income, creating additional upward pressure on prices through reduced circulating availability.

The upcoming Cardano Summit in Berlin scheduled for November 12-13 adds another layer of positive narrative momentum. Historically, major Cardano events have served as sentiment catalysts, boosting developer visibility and community engagement. This year’s summit is particularly anticipated as ecosystem teams are expected to showcase progress across key initiatives including Midnight, Leios, and dApp growth—developments that could demonstrate Cardano’s evolving utility and technological advancement.

Market strategists argue that these fundamental catalysts, combined with bargain hunting from whales, can help stabilize spot liquidity after the broader market shake-out. The convergence of reduced selling pressure, increased institutional accumulation, and positive event-driven narratives creates a compelling case for ADA’s potential recovery in the fourth quarter.

From a technical perspective, Cardano has shown resilience by rebounding from the $0.61 swing low and is currently attempting to reclaim short-term bullish signals. The token continues to defend the $0.70-$0.80 trading band that many traders view as pivotal for establishing a sustainable base. A sustained hold above this level keeps the recovery structure intact and positions ADA for attempts at prior resistance zones.

Traders are closely watching several key technical levels that could determine ADA’s next directional move. Immediate resistance sits at $0.73, which represents both a recent pivot point and the 0.236 Fibonacci retracement area. A clean break above this level would signal strengthening momentum. Beyond that, chart analysts flag $0.86 as a major resistance level that has repeatedly capped previous rallies. A decisive breakout above $0.86 would expose subsequent targets at $1.01 and $1.12, aligning with an ascending-channel upper bound on higher time frames.

On the downside, $0.61 remains the critical support level that must hold to maintain bullish prospects. A daily close below this level would risk a deeper retracement toward the $0.50-$0.60 range and delay any trend resumption. The current technical setup suggests that a decisive push through $0.73, and particularly $0.86, would strengthen the case for a broader recovery leg, while failure to hold $0.61 would put ADA back into consolidation mode.