Large investors have accumulated 100 million ADA tokens in the past 24 hours, signaling increased activity in Cardano. Whale wallets holding between 1 million and 100 million ADA now possess approximately 18.65 billion ADA, as the token's price fluctuated between $0.86 and $0.88. Analysts suggest this accumulation could precede a significant rally, with potential gains up to $8, marking a 740% increase from current levels. Futures and derivatives data show a mixed picture, with ADA open interest dropping 4% to $1.61 billion and trading volume decreasing 18% to $5.27 billion. However, the positive funding rate suggests potential for a price rally. Institutional interest is also on the rise, highlighted by Grayscale's creation of a Delaware-based trust for ADA, fueling speculation about a future spot ETF.