According to CoinMeta, Cardano ( ADA ) saw a 22% increase in price, and after whales added 2.4 million ADA, the price reached a high of $0.190. According to data, ADA was near $0.186 on August 3, representing a rise of about 20% from the low of $0.154 on July 8. Although there was some profit-taking after testing the upper limit of the recent trading range, the latest increase in ADA allowed it to break through the 20-day moving average of $0.1688. Analyst Ali Martinez cited data from Santiment indicating that whales increased their holdings by over 240 million ADA within five days, with their holdings rising from approximately 14.1 billion ADA to over 14.3 billion ADA. This increase in holdings coincided with the rise in the price of ADA, indicating that large buyers were absorbing supply. The rise in ADA also followed an agreement upgrade on July 18, and market expectations for future expansion efforts provided a fundamental catalyst for this whale-driven increase.