Cardano ADA: Assessing the Impact of Whale Selling on Future Price Targets
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In the world of cryptocurrencies, Cardano’s ADA has been under the spotlight recently due to significant selling activity by large investors, also known as whales. Despite this, the asset’s price has remained relatively stable over the past 30 days. Here’s a closer look at the recent developments and their potential impact on Cardano’s future price targets.
200,000,000 ADA: Will Cardano’s Price React to the Whales’ Selling Spree?
Large investors parted with over $136 million worth of ADA last month. Despite that, the asset’s price remains slightly in the green on a 30-day scale, posting a modest 2% gain. Cardano’s ADA was among the cryptocurrencies witnessing the biggest volatility throughout March. The price exploded above $1.10 at the start of the month when US President Donald Trump confirmed the news about a crypto reserve in America and said ADA would be included. A few days later, though, the political leader officially signed the executive order on the initiative, and Cardano’s native token was not featured as the directive was solely focused on bitcoin. As a result, ADA plummeted below $0.70 and hovered around that level in the following weeks.
Cardano (ADA) Price Prediction Today, Tomorrow, & Next Week
Cardano’s native cryptocurrency ADA is currently trading around $0.67. The altcoin saw a 6% spike but has had a slow start to 2025, up only 7%. It reached a high of $1.05 in early March but declined due to broader market impacts from Trump’s tariffs. Macroeconomic factors continue to pressure the price of ADA.
Whales Offload 200M Cardano During March – The Start Of A Trend?
Cardano is currently trading around a key daily demand zone, with bulls attempting to stabilize price action after weeks of decline. The broader crypto market remains under pressure due to macroeconomic instability and global uncertainty. Altcoins like ADA have been hit hard as financial markets react to inflation fears, trade tensions, and erratic policy moves. Analysts warn that the downtrend could continue with little indication of a sentiment shift soon. On-chain data reveals that whales offloaded nearly 200 million ADA throughout March, adding to the bearish outlook.
Cardano Price Declines, Signaling Trend Reversal?
Cardano (ADA) price drops to $0.6669, marking a 0.75% decline in the last 24 hours. The daily trade volume also decreased by 17.04% to $655,740,303. This decline in both price and volume may indicate an impending trend reversal, possibly due to a loss of interest from market participants amidst recent developments and macroeconomic factors. Cardano has declined 11.08% in the last 7 days, with a total market capitalization of $23,521,840,872.