200 Million ADA Scooped Up in 48 Hours: Cardano Whales Making a Power Move?
Something’s brewing in Cardano-land—and the whales are first to the feast. A staggering 200 million ADA flooded into wallets in just two days, sparking rumors of a coordinated accumulation play. Is this a bullish signal or just another round of crypto musical chairs?
Whale Watching 101
When nine-figure sums move this fast, it’s never accidental. The timing raises eyebrows—especially with Cardano’s Hydra upgrade looming and DeFi protocols finally gaining traction. Either someone knows something retail doesn’t, or we’re witnessing the world’s most expensive FOMO.
The Cynic’s Corner
Let’s be real—crypto whales wouldn’t tip their hand unless there was profit to be squeezed. Whether this pumps the price for a quick exit or locks in long-term stakes depends entirely on how much champagne these buyers plan to drink post-purchase.
Increasing Exposure
The renowned analyst Ali Martinez revealed on X that Cardano whales (those having between 100 million and 1 billion tokens) scooped up more than 200 million ADA in the last 48 hours.
This quantity equals around $157 million (at current rates), while these investors now collectively hold 3.72 billion coins, or 10.3% of the asset’s circulating supply.
ADA’s price has increased by approximately 6% over the past week, reaching around $0.78, and the whales’ activity suggests another pump might be incoming. After all, such purchases leave fewer tokens on the open market, which can be followed by a rally (if demand doesn’t decline). In addition, the accumulation may encourage smaller players to hop on the bandwagon with fresh capital.
Crypto X is rammed with analysts who believe ADA has yet to post substantial gains. JRNY crypto thinks the $1 target will be reached soon, whereas Chris believes the valuation could spike to $2 this cycle.
For his part, Martinez argued that ADA’s price chart has been mirroring the structure of the bull run witnessed in 2021, “but unfolding more slowly.”
“It looks like we’re at the very start of an explosive move,” he claimed.
Are They Waiting for Something?
It’s a common belief that crypto whales often have access to inside information for an important event that can have a major impact on the price of a certain asset. So let’s check what the big ADA investors might be waiting for.
Perhaps it is the potential approval of the first spot ADA exchange-traded fund (ETF) in the United States. The entity that wants to introduce such an investment vehicle is Grayscale. The product will let people gain exposure to Cardano’s native token without purchasing it from exchanges or worrying about self-custody methods. This could have a positive effect on the price in the long term.
The approval odds before the end of 2025 dropped below 60% on August 6; however, they are currently around 75% (according to Polymarket).
