Whales continue to accumulate ADA along with other cryptocurrencies like BTC and XRP, with over 410,000,000 ADA accumulated in April alone.
The market sentiment has improved as investors return to the crypto space with large purchases after a period of uncertainty earlier in the year.
ADA's price has recovered about 40% since hitting a multi-month low in early April, currently sitting at $0.7, showing a positive long-term outlook if whale accumulation continues.
Overall, the large purchases by whales in cryptocurrencies like ADA suggest a potential surge in the near future.