Cardano Whales Gobble 420M ADA as Market Braces for Possible Reversal
Big-money players just dumped another $200M into Cardano—either they know something we don’t, or this is another ’smart money’ gamble that’ll leave retail holders bag-holding. Again.
The ADA price chart shows a textbook accumulation pattern, but let’s be real—whales move markets, not technicals. When these guys sneeze, the entire altcoin market catches a cold.
With staking yields still juicy and Vasil upgrades finally delivering, maybe this time the ’Ethereum killer’ narrative won’t end in tears. Or maybe Wall Street’s just recycling 2017’s playbook with fancier jargon.
Source: Bitcoinist
Cardano Set for Rebound? ADA Whales May Have Charted Its Next Course
There is no denying that 2025 will be a monumental year for cryptocurrencies. Although prices have stagnated this week, the regulatory landscape is shifting. Indeed, the United States has embraced it like never before. Therefore, when the market turns bullish, few industries will see the kind of impact that will propel digital assets forward.
Preparation for that impending market may already be taking place for Cardano, as 420 million ADA was grabbed up by a whale, with the price set to turn upward soon. Indeed, the massive stash of tokens was accumulated throughout April and could be a majorly positive sign for the asset.
Specifically, the continued buying assures that investors are positive on the asset despite its price struggles below a critical resistance level. Throughout the month, addresses that hold between 10 million and 100 million in ADA added $289 million worth of the asset. That brings those whales’ collective total holdings beyond the $12.89 billion mark.
Currently, Cardano is trading at the $0.677 mark and has fallen more than 5% over the last 24 hours, according to CoinMarketCap. The asset had fallen after being unable to break through its $0.74 resistance level. Yet, that is still the mark to beat. If traders can push it upward through the ceiling, it could be on pace to barrel toward the $0.8 mark.
