"Recent developments indicate that large investors, often referred to as 'Cardano whales,' have been actively accumulating a substantial total of 220 million ADA tokens. This significant increase in holdings comes at a time when the price of ADA appears to be stabilizing after previous fluctuations. As these market dynamics unfold, it is crucial for investors and analysts alike to pay close attention to the key price level that may serve as a pivotal point for future movements in the value of Cardano."
source: https://blocknews.com/cardano-whales-accumulate-220m-ada-as-price-stabilizes-here-is-the-key-level-to-watch/