Whales Add $204 Million in ADA as Cardano Rebounds From $0.50 Support

Overview

• Santiment data shows large holders accumulated 348 million ADA between Nov. 7–10, worth about $204 million and equal to roughly 0.94% of circulating supply.
• ADA has recovered to the mid‑$0.50s and is compressing below resistance near $0.618, with buyers defending the $0.5426 area and the $0.50 floor.
• Momentum indicators have improved, including a bullish MACD crossover and a rising RSI, even as a Nov. 3 death cross keeps the broader trend cautious.
• Derivatives risk is elevated with futures open interest around $680 million and more than $2 million in long liquidations reported over 24 hours.
• Fundamentals show traction with Q3 DeFi TVL up 17.6% and stronger NFT activity, while ETF applications remain on hold during the ongoing U.S. government shutdown process.