ADA’s latest 10% rally looks more like fresh leverage building up rather than a pure short squeeze. Cardano’s rebound is pulling both whales and the crowd back in — and the on-chain read is stronger than a simple squeeze story. According to Santiment, ADA’s market cap is up about 42% since September 16, with price climbing from roughly $0.19 to about $0.27. That move has been accompanied by a clear jump in large-holder activity.