Cardano (ADA) whales, or addresses holding between 100 million and 1 billion ADA, have accumulated 560 million ADA tokens, worth $218 million, in the past two weeks. The cumulative holding of these whale addresses now targets the 3 billion ADA mark, indicating a readiness from deep-pocketed investors to augment their holdings. Cardano has also been witnessing a surge in non-zero addresses, adding 79,196 non-zero addresses since the start of the year. Most ADA holders, about 51% of investors, are long-term holders, having held their bags for over one year. However, ADA continues struggling to recapture the $0.40 zone after falling below it a week ago.

(By ALBERT BROWN)