The article discusses the accumulation of whales in the Cardano (ADA) cryptocurrency and its potential impact on the price. It mentions that whale accumulation alongside a spike in on-chain volume suggests a potential recovery for the asset. The article also mentions that the on-chain transaction volume for ADA has been rising since February. The current value of ADA is $0.29, down from $0.39 during the whale accumulation period, which could be attributed to profit-taking. The article also discusses the weighted sentiment and funding rate of ADA, indicating a positive sentiment and bullish sentiment in the market. However, it advises readers to conduct their own research before making any investment decisions.
AI Sentiment: Positive