Cardano Whales Gobble 200M ADA in 48 Hours—Is History About to Repeat for a Bull Run Breakout?

Big money moves fast—and Cardano’s whales just made a splash. With 200 million ADA snatched up in two days, the crypto’s price action is mirroring its last explosive rally. Are we on the brink of another surge?

Whale Watch: Feeding Frenzy or FOMO?

When whales accumulate, markets notice. This isn’t pocket change—it’s a $60M+ bet (at current prices) that ADA’s got legs. The last time this happened? A 300% pump followed. Coincidence? Traders aren’t waiting to find out.

Technical Déjà Vu

Chart patterns don’t lie—until they do. ADA’s current setup eerily resembles its 2021 bull run precursor. Same ascending wedge. Same volume spikes. Same Wall Street ‘experts’ now scrambling to revise their ‘crypto winter’ forecasts.

The Cynic’s Corner

Let’s be real—if traditional finance could front-run retail this blatantly, the SEC would’ve shut it down yesterday. But in crypto? It’s just ‘market dynamics.’ How convenient.

Breakout or Fakeout?

All signs point to go—but in crypto, signs have a habit of flipping to ‘stop’ without warning. One thing’s certain: when whales place bets this big, the casino gets interesting.

Cardano whale buying and ecosystem catalysts

On Aug. 11, analyst Ali Martinez reported that over 200 million ADA had been purchased by whales within 48 hours. In a separate analysis, Martinez indicated that ADA’s price is mirroring its previous market cycle structure, though unfolding at a slower pace.

Cardano $ADA is mirroring the price structure of its last cycle, but unfolding more slowly. It looks like we’re at the very start of an explosive move. pic.twitter.com/eCtAkNRPyi

According to Martinez, if buying momentum continues, this pattern might position ADA at the “start of an explosive move,” possibly paving the way for a bigger rally.  At the same time, the  Cardano ecosystem has seen notable developments.

On Aug. 5, the Midnight Network launched the NIGHT token airdrop, targeting 30 million wallets across eight blockchains, with 50% reserved for ADA holders. Over 470 million NIGHT tokens have been redeemed, indicating strong community engagement and potentially deepening long-term holder commitment.

Cardano also released an update to its Hydra scaling protocol on Aug. 8, increasing transaction throughput and network efficiency. This MOVE may boost on-chain adoption and activity.

Cardano technical analysis

The overall trend remains bullish, with all of the major moving averages, from the 10-day to the 200-day, indicating a “Buy.” The short-term EMAs (10–50) have risen above significant support zones, indicating strong market momentum. Oscillators are largely neutral, and the momentum and MACD indicators are in “Buy” territory.

At 63, the relative strength index is in bullish territory but below the 70-point overbought threshold. This allows for additional price growth before a possible correction.

A break above $0.8332 might pave the way for a move toward $0.88 and, if maintained, $0.92. In a bull market, ecosystem catalysts and whale accumulation might amplify the rally. A retest of the $0.75 support, where demand zones have historically drawn sizable buyers, could occur if the price fails to hold above $0.78.