The boom is strongly connected to the “whales,” the large holder of cryptocurrency. Approximately 405 million or more than 10% of Cardano’s circular supply are located at addresses. There was also a massive accumulation due to avalanches in line with the latest on-chain statistics.
History shows similarities as the bull run in Bitcoin began with a whale accumulation in 2021, followed by a 300% price rise. August 2025 Intotheblock on-chain data shows Cardano whale trading has increased by 25% over the past week and avalanche trading has increased by 30%. This generally follows price trends.
Market context and technical factors
Increased use of subnet avalanches, and customizable Layer 2 solutions have increased scalability and interchaining. This found that trends strengthened by the 2024 Kanga University report could potentially increase transaction efficiency by 20-30 times.
Risks and Considerations
Technical analysis suggests that Avax may be considering further testing for $35, but the ADA may aim for a higher at $0.60 if the purchase pressure persists. Analysts warn that whales are also pointers to market manipulation, and that larger ones could start selling positions after the rally. Inventory could be subject to additional regulatory oversight, in which the EU introduces compliance reports for more than one million positions via MICA, which could affect whale activity.
