Cardano rallied 26% in a week to $0.195 as large investors accumulated 240M ADA; TVL in DeFi grew 11% to $70M and developer activity ranks second globally.
Macro & Markets ·
Cardano's ADA token surged to $0.195, a 26% weekly gain, while large investors accumulated over 240 million ADA across five days. Some analysts have posited potential price targets as high as $2.90 should bullish momentum persist, though retail participation appears limited despite the move.
On-chain metrics show concurrent strength in the ecosystem. Total value locked in Cardano's DeFi protocols climbed 11% to nearly $70 million, and the network ranks second globally in developer activity. This activity surge contrasts with a decline in non-empty wallet counts, suggesting concentration of holdings among larger participants.
The disconnect between whale accumulation and retail engagement remains unclear—whether broader market awareness will follow the institutional buying or whether the move faces resistance at higher levels remains unresolved.