Cardano (ADA) Price Surges as Whales Accumulate Tokens, Setting the Stage for Further Gains

Crypto bulls have been in full swing of late. A lot of altcoins have been seeing drastic gains including Cardano’s ADA.

Crypto bulls have been in full swing of late. A lot of altcoins have been seeing drastic gains including Cardano's ADA.

At the same time, several technical indicators are signaling continued upside movement. Moreover, a fresh wave of onchain development could drive further momentum in the coming days.

Cardano (ADA) Price Surges with Liquidations and Technical Signals

In April, a large spike in long liquidations occurred, with over $9.6 million wiped out in just 12 hours. It marked a sharp drop in ADA price, which triggered losses for bullish traders.

Short liquidations also rose, though at a smaller scale. Following this event, ADA coin's price began to recover slowly while liquidation volumes decreased.

By early May, Cardano price had risen to about $0.85 from below $0.50 in early April. This upward move was matched by rising short liquidations, especially on May 8.

Many traders betting against the market were forced to close their positions as prices continued to rise. The consistent price growth helped confirm a strong bullish trend supported by market activity.

Technical analysis also shows that ADA's MACD indicator formed a golden crossover. It is commonly read as a bullish signal when the short-term trend overtakes the long-term trend.

A separate indicator, known as the Alligator, also suggests a continuation of upward momentum due to widening moving averages.

Whale Accumulation Strengthens Bullish Outlook

According to data shared by market analyst Ali Charts, over 40 million ADA tokens were purchased by large holders (whales) in the past two days. This level of accumulation shows strong confidence among institutional investors or large-scale traders.

Such buying pressure often precedes further gains if demand continues to grow. Whale activity has been supported by rising open interest (OI), which recently crossed the $1 billion mark.

This growth in open interest, combined with price increases, suggests more traders are entering the market with long positions. These factors help support the theory that ADA could test new price highs in the short term.

The coin's price recently hit a daily high of $0.8274 after jumping from a low of $0.7730. At the time of writing, ADA was trading at $0.8344. Cardano price is up nearly 5.26% in the past 24 hours, according to CoinMarketCap.

Development Push Drives Ecosystem Growth

Alongside market activity, the Cardano ecosystem is experiencing rapid development. Charles Hoskinson, founder of Cardano, expressed urgency in accelerating the release of key onchain products. In a recent post, he stated, "No more delays. Cardano needs to get to the next level."

He cited Leios, a new scalability protocol, as one of the projects that could speed up progress. Hoskinson wants to see its launch in 2026 instead of 2028, urging developers to meet tighter deadlines.

Sebastien Guillemot, a core developer, also mentioned growing enthusiasm within the community for launching onchain products. These comments follow recent changes in the development teams, reflecting a shift toward faster product deployment.

The increased pace of development may improve Cardano's appeal, especially as the network positions itself to support Bitcoin DeFi use cases. The Proof-of-Stake chain is being considered as a potential settlement layer for broader blockchain applications.