ADA Price Declines 7% Weekly as Whales Buy 160M Tokens

Cardano's native token ADA traded near $0.21 on Friday, August 28, 2026, after declining more than 7% over the past week, as a mix of whale accumulation and bearish derivatives data left the cryptocurrency's short-term direction uncertain. The pullback followed a brief rally that saw ADA touch a local high above $0.25 less than seven days prior. Despite the price weakness, onchain data indicates significant buying from large holders. Analytics from Santiment show that wallets containing between 10 million and 100 million ADA accumulated approximately 160 million tokens since the beginning of the week.