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Cardano rose 19% in a week, surpassing Bitcoin and Ethereum, whale activity became the driving force

2026-08-08 00:11:19
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Cardano (ADA) performed well, with a 19% increase in one week, surpassing Bitcoin and Ethereum

In the past week, Cardano (ADA)'s price has increased significantly, outperforming mainstream cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). According to CoinGecko, the ADA has gained 7.1% in the past 24 hours, 19.3% in a week, 20.9% in the past 14 days, and 18.6% in the past month.

Whales continue to increase their holdings, CME milestone approaches

Recent market attention has focused on large investors known as "whales", who are significantly increasing their holdings in Cardano. According to data from the blockchain analysis platform, Whale Wallet recently increased its holdings of 240 million ADAs, bringing its total holdings to approximately 14.5 billion ADAs. Historically, large-scale whale activity has often heralded significant price fluctuations. This wave of increases in holdings has also led some small investors to follow suit.

It is worth noting that Cardano is about to reach a key milestone on August 9, 2026-its 75-day period for trading compliant futures on the Chicago Mercantile Exchange (CME) is about to end. Some industry observers speculate that the end of the period could pave the way for approval of Cardano exchange-traded funds (ETFs), further attracting interest from institutional investors.

Overview of price performance

In terms of price performance, ADA has risen 7.1% in the past 24 hours, 19.3% in a week, 20.9% in 14 days, and 18.6% in a month.

Governance upgrade: For the first time, blockchain realizes direct funding from the treasury for core development

The Cardano blockchain itself has also made important progress in governance. Community members recently approved a new roadmap that allows ADA treasury to directly fund core development. This is the first time blockchain has adopted this model, aiming to further decentralize network control. The update coincides with Cardano entering its Dijkstra era, the latest stage in its ongoing development roadmap.

Can the rise continue? Market risks remain

Despite the positive momentum, some market risks may still threaten the sustainability of the rally. Federal Reserve Chairman Kevin Walsh has said he is prepared to raise interest rates in September if July inflation data goes higher. Tighter monetary policy tends to put pressure on cryptocurrency markets, as rising interest rates reduce investor interest in risky assets.

In addition, the expected vote on the CLARITY Act, which affects the regulatory framework for cryptocurrencies, may be postponed. Delays in regulatory clarity may depress investor sentiment, which in turn affects ADA's short-term price movements. A potential delay in the vote, coupled with a possible rate hike in September, could undermine investor confidence in Cardano.

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