Cardano’s (ADA) native cryptocurrency has seen a remarkable surge, rising 10% in the last 24 hours and reaching 90 cents, a level it hasn’t seen since May 2022. This marks a significant 22% rise this week and a staggering 152% increase over the past month. As a result, ADA’s market cap has hit $30.85 billion, placing it as the 10th-largest cryptocurrency by market capitalization.

The rise in ADA’s value is not just a reflection of broader market trends; on-chain data reveals that the token is receiving significant attention from large investors, particularly whales with over $10 million in holdings. According to Tagus Capital, whale holdings now exceed $12 billion in ADA, signaling strong institutional interest. In addition, data from analytics firm IntoTheBlock shows a 300% jump in large transactions over just two weeks, further indicating growing institutional participation.

This increase in whale activity is being bolstered by positive market sentiment, partly fueled by speculation around Cardano’s founder, Charles Hoskinson, potentially collaborating with the Trump administration on crypto-friendly policies. These factors together suggest that the recent rally in ADA could have lasting momentum, with institutional interest and whale accumulation supporting its long-term growth.