Cardano Whales Buy 200M ADA as Analyst Predicts Price Surge to $10

• Whales amass 200M ADA as bullish sentiment grips Cardano market.
• Analyst projects ADA could surge up to $10 in 2025.
• Major upgrade and ETF filings boost long-term growth prospects for Cardano.

Cardano has attracted renewed market attention as large investors significantly increase their holdings. According to Ali Martinez Whale wallets holding between 100 million and 1 billion ADA have so far accumulated 200 million tokens over the last two days, making their total holdings 3.72 billion tokens.

This aggressive buying has coincided with rising interest in Cardano’s derivatives market.

According to CoinGlass data, Cardano futures open interest has increased more than fivefold since November 2024, when it was about $238 million, to about $1.41 billion today. The increase in derivatives action indicates increased traders’ confidence, and this is backed by the positive technical indicators in the charts.

A daily golden cross between the 50-day and 100-day simple moving averages has boosted mid-term sentiment. Also, the weekly MACD has moved to the bullish side with the MACD line and the signal line moving above the zero line, in addition to the rising bullish histogram bars.

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Analyst Forecasts Major Rally Ahead

According to analyst Dan Gambardello, Cardano’s current trend is similar to its last bull cycle. He predicts that during the expected altseason in 2025, ADA might surge to $10 territory and undergo the next major correction. Based on XRP’s current market capitalization of $193 billion, ADA would be about $5.36.

The wider crypto landscape is also providing a positive backdrop. Ethereum’s surging past $4,200 has sparked new speculation that a macro altseason may be coming and Bitcoin’s dominance is on the decline. In the past, this has led to rallies in large altcoins such as Cardano.

In the future, the network is planning a Midnight upgrade, which should be launched before the end of 2025. Founder Charles Hoskinson has described it as a major step toward mainstream adoption.

Moreover, Grayscale Investment and Tuttle Capital have applied to the U.S. Securities and Exchange Commission to list spot ADA ETFs, which could potentially increase demand in another dimension.

With whales accumulating at scale, derivatives interest surging, and major upgrades on the horizon, Cardano appears positioned for significant price growth in the months ahead.

Also Read: Ethereum Whales Scoop Up Billions as Price Nears Historic $5,000 Breakout

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