Here’s How Cardano Millionaires Stirred The Pot Again

Cardano’s rebound is pulling both whales and the crowd back in — and the on-chain read is stronger than a simple squeeze story.

According to Santiment, ADA’s market cap is up about 42% since September 16, with price climbing from roughly $0.19 to about $0.27. That move has been accompanied by a clear jump in large-holder activity.

Santiment flagged 413 Cardano transactions worth at least $100,000 in a single day, the highest whale-activity print since June 4. That is a meaningful spike, not noise on the margin.

The crowd followed. ADA’s social dominance hit 1.16%, its highest reading of 2026, showing Cardano has forced its way back into the broader conversation after months of quieter attention.

Some coverage framed the rally as short covering, pointing to earlier soft derivatives conditions. Santiment’s data pushes back on that as the full explanation.

From October 3 to October 5, ADA rose about 10%. Over the same stretch:

Funding did flip from its most negative reading of the prior month on October 2 into positive territory, so some short covering likely helped. But covering reduces open interest. Rising OI says leverage was being added, not just squeezed out.

Santiment also tied the attention spike to fresh project flow. RealFi launched on Cardano mainnet on October 1, while discussion around Leios, Fireblocks support, and new institutional integrations has helped drive Cardano’s strongest social stretch of the year.

That combination truly matters: Cardano’s (ADA) price is slowly going up, big-time players are active, social dominance is elevated, and more catalysts may come ahead with the popular network’s side-chain developments.

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