Key Takeaways
Cardano is witnessing renewed capital inflows from its top 100 addresses, even as Ethereum holders reduce their exposure. Across the broader market, capital liquidity has improved, with spot investors accumulating a notable $66 million.
Top Cardano [ADA] addresses—defined as wallets holding over 100,000 ADA—have resumed accumulation. These addresses are now driving the renewed interest in ADA, signaling a potential shift in investor sentiment.
According to analysis from Alphractal, accumulation by these top wallets has surged nearly 30% year-to-date.
Source: Alphractal
Joao Wedson, a crypto analyst commenting on the trend, stated:
“[This signals] confidence and a possible strategic positioning for the future.”
This consistent accumulation of ADA stands in contrast to ETH, where top holders have recently trimmed their positions. The divergence suggests a possible capital rotation from ETH to ADA—potentially a bullish sign for Cardano.
However, broader market consensus points to exchanges driving most of this accumulation. Wedson still sees this as a net positive.
“Many associate the largest addresses with exchanges—and that might be true. Still, from this angle, Cardano appears more attractive based on large player behavior.”
ADA accumulation surges
The Accumulation/Distribution (A/D) chart for ADA, which reflects the prevailing buying or selling trend, currently leans bullish.
At press time, the metric showed 52.34 billion ADA in volume traded over the past 24 hours, indicating more bullish than bearish sentiment in the market.
Source: TradingView
This rise in accumulation has coincided with an uptick in key on-chain and off-chain indicators that confirm the trend.
On the on-chain front, liquidity inflows into protocols built on the Cardano network have increased.
Data from DeFiLlama shows that the total value locked (TVL) in Cardano-based protocols has hit $352 million as of the past day.
This suggests a long-term outlook among investors, who are locking their ADA without clear intent to sell.
Off-chain activity supports this narrative as well. Spot Exchange Netflow data from CoinGlass shows $66 million worth of ADA has been moved into private wallets in the past week alone.
Source: CoinGlass
This represents a continuation of the accumulation trend seen in previous weeks.
If this accumulated trend across the board continues, ADA could face a supply squeeze, with fewer tokens available on the open market, driving price higher.
Is ADA still on track to hit $1?
On the price front, ADA still appears to be on track to reach the $1 mark.
Chart analysis at press time indicates that ADA must overcome two key resistance levels to hit this milestone.
The first lies at $0.8365—a level just below its current trading price. Breaking through it could open the path for ADA to rally toward $0.9373.
Source: TradingView
If the asset gathers sufficient momentum, ADA could then break past $0.9373 and make a strong move toward $1.
For now, the strength of accumulation suggests that ADA is well-positioned to overcome the first resistance, keeping the $1 target in sight.
