Whales have scooped up hundreds of millions of ADA during the recent price drop – what this means for Cardano ⋆ ZyCrypto

After a strong rally that pushed Cardano’s native cryptocurrency ADA to $1.15 last week, the price experienced a slight correction.

Despite this decline, ADA remains one of the standout performers in the crypto market, gaining approximately 187% in the last month.

However, large investors or “whales” took advantage of the opportunity to accumulate amid this decline. In a tweet, crypto analyst Ali Martinez revealed that Cardano whales purchased over 130 million ADA during the recent decline, underscoring their confidence in the blockchain’s long-term potential.

This influx of whale buying signals investor confidence in Cardano’s long-term potential and reflects an optimistic outlook on the blockchain’s ecosystem and future growth.

Notably, Cardano has officially outperformed Bitcoin over the last 365 days, highlighting the growing interest and adoption of the project. The network also reached a major milestone with over 70 billion ADA transactions on its blockchain.

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The possible approval of a Cardano-focused exchange traded fund (ETF) could significantly increase the price of ADA. On Wednesday, the SEC announced that NYSE Arca has filed for the Bitwise 10 Crypto Index Fund, which includes major assets such as Bitcoin, Ethereum, Solana, XRP and ADA.

Additionally, Nate Geraci, President of The ETF Store, recently noted the growing interest in altcoin-related spot ETFs, stating that at least one issuer has tried ADA. If approved, a Cardano ETF could open the door to significant institutional investment and further strengthen ADA’s ecosystem and market position.

Additionally, Cardano’s growing ecosystem and bold initiatives solidify its appeal as a promising investment opportunity. On Wednesday, Cardano founder Charles Hoskinson announced plans to establish a native standard for Real World Assets (RWA) on the Cardano blockchain.

In particular, the tokenization of real-world assets, a market expected to reach $20 trillion within the next decade, represents a transformative opportunity for the network. According to the expert, the standard proposed by Cardano aims to simplify the process of converting assets such as real estate, intellectual property and financial instruments into blockchain-based tokens. This would ensure greater security, lower transaction costs and optimized workflows and make the blockchain more attractive.

Set to launch between 2025 and 2026, this initiative could position Cardano as a “universal ledger,” enabling seamless interoperability between blockchain networks and transforming the way digital and physical assets are managed.

Beyond this development, ongoing projects such as Midnight, which promises the introduction of private smart contracts, and possible collaborations with major blockchains such as XRP, Solana and Bitcoin could further strengthen Cardano’s ecosystem and increase its attractiveness for institutional and private investors.

At press time, ADA was trading at $1.05, up a modest 4.97% in the last 24 hours.