ADA Defends Key $0.70 Support as Whale Accumulation Surpasses 80 Million Tokens

Cardano (ADA) maintained stable trading in the past 24 hours, with prices ranging from $0.72 to $0.74 and a minor decline of approximately 0.9%. Trading volume remained strong at over $1 billion, and the market capitalization stood at $25.49 billion, placing ADA among the top 10 cryptocurrencies by market cap.

Recent price action showed ADA defending the key $0.70 support level after a period of volatility, following a previous weekly decline of about 9.58%. Notably, on-chain data indicated significant whale accumulation, with over 80 million ADA acquired by large wallets within a 48-hour period in mid-May 2025. This accumulation, along with a sudden increase in Cardano’s market cap share and high trading activity, likely contributed to the stabilization and renewed market interest observed over the last day. Despite short-term fluctuations, ADA has demonstrated longer-term strength, with monthly and yearly gains of 23.21% and 50.67%, respectively, prior to the most recent trading session.