Cardano (ADA) whales, with wallets containing between 100 million and one billion ADA coins, have been accumulating more coins and buying the dip to increase their holdings.
Recent data suggests a deliberate strategy by ADA whales, similar to their behavior in November, where they aggressively bought tokens during price pullbacks and trimmed their holdings after the price spiked.
ADA whale holdings have increased by 145% from October 18th to November 18th, reaching $12.11 billion, indicating a bullish stance.
The accumulation trend by whales signals potential upward momentum in ADA's price, while retail investors have reduced their holdings.