During the recent market crash, significant investment activity was observed as large holders of Cardano, often referred to as "whales," accumulated an impressive total of $200 million worth of ADA, the native cryptocurrency of the Cardano blockchain. This strategic buying during a downturn could play a crucial role in stabilizing the price and potentially aiding in its recovery. Analysts suggest that this increased demand from whales may generate positive momentum that could help the price of ADA reclaim the key resistance level of $0.60 in the near future. The influx of capital from these prominent investors may instill confidence in the market and encourage retail investors to participate, further supporting a price rebound.
source: https://blocknews.com/cardano-whales-load-200m-in-ada-during-crash-here-is-how-this-could-help-price-reclaim-0-60/