Recent events in the Cardano market have garnered attention as large investors significantly increased their holdings in ADA.
Large Investors Actively Buy ADA
According to Ali Martinez, large wallets holding between 100 million and 1 billion ADA have accumulated 200 million tokens over the last two days, bringing their total holdings to 3.72 billion tokens. This aggressive buying comes amid rising interest in Cardano's derivatives market, where open interest has increased more than fivefold since November 2024, reaching $1.41 billion.
Analysts' Price Growth Predictions
Analyst Dan Gambardello notes that Cardano's current trend is similar to its last bull cycle. He predicts that during the expected altseason in 2025, ADA could surge to $10, which corresponds to the current market capitalization of XRP at $193 billion.
Future Network Updates and Their Impact
Cardano plans to launch the Midnight upgrade before the end of 2025. Founder Charles Hoskinson described this as a major step toward mainstream adoption. Additionally, 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.
With large investors accumulating at scale, rising derivatives interest, and major upcoming upgrades, Cardano appears positioned for significant price growth in the coming months.
