Cardano ADA Whales Accumulate $157M Amid Surging ETF Approval Odds

Cardano (ADA) is experiencing significant accumulation by crypto whales, with $157 million worth of tokens purchased within just 48 hours. On-chain data highlights that 200 million ADA were traded in large transactions, increasing whale holdings to 10.3% of the circulating supply. This trend mirrors the buildup seen in 2021 before ADA's historic price surge. Meanwhile, the likelihood of a Cardano ETF approval has risen sharply, with Polymarket data indicating a jump from 60% to 75% probability. The bullish sentiment around ADA is strengthening as institutional and large-scale investors position themselves ahead of potential regulatory breakthroughs.

Cardano Whales Accumulate $157M as ETF Approval Odds Surge to 75%

Cardano (ADA) is witnessing aggressive accumulation by crypto whales, with $157 million worth of tokens scooped up in 48 hours. On-chain analytics reveal 200 million ADA changed hands in large transactions, pushing whale holdings to 10.3% of circulating supply—a pattern reminiscent of the 2021 buildup before ADA's historic rally.

ETF prospects are heating up. Polymarket data shows approval probability jumping from 60% to 75%, potentially unlocking institutional demand from pension funds and hedge funds. Technicals suggest brewing momentum: ADA consolidates NEAR $0.78 after testing $0.80 resistance, with $0.82-$0.83 as the next battleground. A decisive breakout could target $0.93, then the psychological $1 threshold.

Derivatives markets echo the bullish sentiment. Open interest hit $1.44 billion—the highest in months—while $0.70 support has held firm since mid-2023. Higher weekly lows paint a picture of sustained accumulation.

Cardano Hits Record Holders: 3 Reasons a Breakout May Be Near

Cardano has achieved a significant milestone as long-term holders now possess a record 15 billion ADA, locked for over a year. This surge in holder commitment underscores unwavering confidence in the token's decentralized fundamentals, even amid lackluster price action.

Three key factors are driving Cardano's momentum. First, the steadfast belief of investors signals potential for a gradual rally. Charles Hoskinson's emphasis on ADA's resilience and decentralization continues to anchor loyalty. Second, the unprecedented supply lock-up reflects a bullish long-term outlook. Finally, the ecosystem's foundational strength may catalyze an overdue price breakout.

Cardano ETF Approval Odds Hit 80% for 2025 as Grayscale Sparks ADA Rally

Decentralized prediction market Polymarket now assigns an 80% probability to SEC approval of a cardano ETF this year. Grayscale Investments amplified market confidence by registering the Grayscale Cardano Trust ETF in Delaware—a precursor to formal SEC filings.

The filing, alongside a similar Hedera Trust ETF, signals institutional momentum for altcoin-based products. Both networks show growing real-world asset adoption potential, with ETF approval likely to unlock institutional capital flows.

Grayscale's playbook mirrors its successful Bitcoin ETF strategy: Delaware trust registration typically precedes S-1 filings. While not guaranteeing approval, the move demonstrates expanding institutional interest in Cardano's ecosystem.

Grayscale Hedera ETF and Cardano Trust Registered in Delaware

Grayscale, a leading crypto asset manager, has expanded its product offerings with the registration of two new exchange-traded funds in Delaware. The filings include a Hedera ETF and a Cardano Trust, signaling institutional confidence in these blockchain ecosystems.

This move reflects growing demand for diversified exposure to digital assets beyond bitcoin and Ethereum. Grayscale's established track record in crypto investment vehicles lends credibility to these emerging altcoins.