Cardano ADA News: Price Dip Amid Whale Selling Despite Initial Optimism

Recent developments in the Cardano (ADA) market have caused a stir among investors, with the cryptocurrency’s price experiencing a dip over the last 48 hours. Despite initial Optimism following Cardano’s involvement in Trump’s crypto reserve plan, whale selling activities have tempered the bullish sentiment in the market.

Cardano Price Dip Challenged by Whale Selling

The price of Cardano (ADA) dipped over the last 48 hours, leading to a shift in market sentiment. Over the past 24 hours, whale addresses holding between 100 million and 1 billion ADA sold about 160 million ADA worth $147 million. This selling pressure reflects uncertainty among large holders, who seem to be hedging against potential further price drops. Despite initial optimism following Cardano’s involvement in Trump’s crypto reserve plan, these whales now appear hesitant about Cardano’s immediate future, potentially signaling broader market apprehension.

Cardano (ADA) Soars As Whale Activity Hits 3-Month High—What’s Next?

Cardano (ADA) is experiencing a significant increase in popularity on cryptocurrency exchanges following the disclosure by US President Donald Trump that Cardano and four other large-cap cryptocurrencies, including Bitcoin, will serve as the foundation of the US Strategic Crypto Reserve. There has been a cascading effect throughout the Cardano ecosystem due to an inundation of substantial transactions. On March 4, the analytics platform Santiment monitored 1,132 whale transactions, with 2,671 unique transactions exceeding $100,000.

Whales Bought 420 Million Cardano After Trump’s U.S. Strategic Crypto Reserve Announcement

Cardano saw massive volatility after an 80% price surge fueled by President Trump’s announcement that ADA would be part of the U.S. Strategic Crypto Reserve. This triggered a buying spree, but excitement was short-lived as ADA dropped over 35% due to a broader market meltdown. Analysts and investors remain bullish on Cardano’s future gains once market conditions improve.

Cardano’s Volatility Exposed: Why Holding $1 Remains a Challenge

Cardano’s circulating supply increased as older coins moved, possibly indicating a mix of profit-taking and long-term accumulation. Despite a recent surge to $1.13 amid peak whale activity, with 2,645 transactions over $100K recorded—the highest in three months—ADA struggles to hold above $1, currently trading at $0.94. Santiment data shows a decline in ADA’s average wallet age, suggesting increased token circulation. This raises questions about whether this is due to profit-taking or strategic repositioning for long-term accumulation.