Cardano (ADA) is witnessing significant whale accumulation while Ethereum (ETH) receives a major adoption boost from MetaMask's integration of real-world assets. According to data from CoinMarketCap, wallets holding 10 million ADA or more reached 424 on April 8, marking a four-month high. This surge in whale activity occurred as retail traders continued selling.
Large-scale ADA holders, specifically those in the 100 million to 1 billion ADA range, absorbed approximately 150 million tokens, increasing their total holdings from 2.40 billion to 2.55 billion ADA. This accumulation event is the largest in months. Concurrently, Cardano founder Charles Hoskinson has directed a $200 million investment into Midnight, a privacy-focused blockchain subsidiary, with commercial deals on that network designed to feed back into Cardano's infrastructure.
On the Ethereum front, MetaMask rolled out a pivotal upgrade on April 8, integrating tokenized stock and ETF trading directly into its browser extension. This feature, powered by Ondo Finance on the Ethereum and BNB Chain, introduces 264 real-world assets—including stocks from Tesla, Apple, and Nvidia—allowing millions of non-U.S. wallet holders to trade equities from a self-custody wallet without a traditional broker. Ondo's tokenized asset market currently exceeds $22 billion globally.
The Ethereum Foundation's treasury holdings provide additional support, with Arkham Intelligence reporting it holds over 100,000 ETH outside of its staked positions, which analysts suggest acts as a long-term price floor.
While these developments signal strength for both networks, the articles heavily promote the Pepeto (PEPETO) presale, an upcoming exchange project. It has raised over $8.86 million, offers 186% APY staking, and boasts a confirmed future Binance listing. The project, developed by a team including a former Binance executive and a founder associated with the original Pepe meme coin, features zero-fee swaps and a cross-chain bridge connecting Ethereum, BNB Chain, and Solana.
