Cardano (ADA) has seen a notable increase in whale activity, with large holders now controlling 67% of the total supply, the highest concentration since July 2020. This accumulation has occurred amidst a 71% decline in ADA's price over the last nine months, indicating that whales are buying during price weakness while retail investors capitulate. Despite this accumulation, Cardano's decentralized finance (DeFi) sector has suffered significantly, with total value locked dropping from $686 million in December 2024 to just $137 million, an 80% decrease. Daily trading volume on Cardano's decentralized exchanges is currently at $1.95 million, far lower than its competitors like Ethereum and Solana. As of Friday, ADA was trading at $0.27, with a market cap of $9.96 billion, making it one of the poorest performers among the top 10 cryptocurrencies. Cardano is currently testing critical support levels, with immediate support at $0.2605 and a last defense at $0.2451. The recent price movements suggest that while whales are accumulating, overall on-chain activity remains minimal.