Cardano (ADA) Price: Whales Snap Up 150M Tokens While a New Plugin Brings ADA to 7 Million Businesses

TLDR

• ADA is up over 15% this week, trading above $0.160
• Whales accumulated 150 million ADA tokens since June 25 during price dips
• A new ADA Pay plugin now allows over 7 million businesses to accept Cardano payments
• Futures Open Interest rose to $403 million, with funding rates turning positive
• Key resistance sits at $0.173, with structural support near $0.138

Cardano (ADA) has gained over 15% this week, trading above $0.160 on Friday. The move comes as new payment tools and on-chain buying from large holders gave traders fresh reasons to watch the coin.

A new ADA Pay plugin now allows more than seven million businesses to accept Cardano as payment. Community member MB shared the update, framing it as a step toward giving ADA practical use beyond crypto exchanges.

The plugin allows merchants to add ADA payments without building a new system from scratch. If adopted widely, customers could start using ADA for everyday purchases at those businesses.

Crypto analyst Globe Of Crypto posted on X that ADA is bouncing from support within a falling wedge pattern, suggesting a breakout could push ADA toward $0.35 in the medium term.

Trading data backed the price move. ADA’s market cap stood near $5.78 billion, with daily volume approaching $500 million, showing a clear pickup in buying activity.

Whale Buying Adds Support

On-chain data from Santiment shows large wallet holders have been buying during recent dips. Wallets holding between 100,000 and 100 million ADA accumulated a combined 150 million tokens since June 25.

This kind of buying during price dips often signals that large holders still see value at current levels. It can also act as a floor by reducing the amount of ADA available for sale.

Derivatives Turn Bullish

Futures Open Interest climbed to $403 million on Friday, up from $335 million in mid-June. Rising OI alongside a price increase suggests new money is entering the market, not just short-term trading.

Funding rates on ADA futures flipped positive on Monday, reading 0.0085% by Friday. A positive funding rate means traders holding long positions are paying those holding short positions, which typically reflects a bullish lean in the market.

The RSI sits near the neutral 50 mark and the MACD is just above zero, suggesting momentum is stabilizing rather than accelerating.

Cardano developer Dave also highlighted the network’s eUTXO model, explaining that developers can calculate fees and expected results before submitting a transaction. He said this reduces failed transactions, which matters for financial apps that need clear costs.

ADA still faces resistance at the 23.6% Fibonacci level near $0.173, with heavier supply zones between $0.185 and $0.245. Support sits near $0.138 if price pulls back.

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