ADA This accumulation is happening against the backdrop of a recent price decline of ADA. On July 21, the altcoin fell from a peak of $0.93 to $0.77 at the time of publication. Despite the correction, sustained interest from large investors indicates confidence in the long-term prospects of ADA.

If accumulation continues and offsets the increase in supply, it could stabilize the price of ADA and halt its decline. In this case, the coin will have a chance to reach $0.84.