Recent data shows that Cardano (ADA) whales have been accumulating a significant number of tokens, with 560 million ADA tokens worth approximately $218.4 million acquired in the last two weeks alone. This has not only boosted the overall number of ADA tokens held by whales, but it has also increased the percentage of tokens in circulation. The number of ADA holders has also been steadily rising, hitting an all-time high of over 4.4 million. Long positions dominate funding rates, indicating that investors are optimistic about a potential price surge. While the 30-day Market Value to Realized Value ratio suggests that ADA is slightly overvalued, the token has been enjoying a modest uptrend over the past few days. (ambcrypto)