Cardano Whales Scoop Up 348M ADA as Price Rebounds From $0.49

Overview

• Santiment data shows whales and sharks accumulated 348 million ADA between November 7 and 10, worth about $204 million, after the token dipped below $0.50.
• ADA has recovered roughly 11% to about $0.59–$0.60, with a bullish MACD crossover and a rising daily RSI that still needs to push decisively above 50 for confirmation.
• Analysts highlight the next price hurdles around $0.58–$0.70, noting that sustained closes above these levels would strengthen the developing bullish case.
• On-chain and ecosystem signals include Nansen’s finding that new wallets hold 0.34% of supply and a jump in social dominance to 1.29%, alongside a Q3 DeFi TVL rise of 17.6% to $341.6 million.
• Coverage differs on the recent buy total—with an earlier report citing 160 million ADA—while viral $10 targets are circulating on social channels as speculation rather than forecasts.