{"id":52499,"date":"2025-03-17T19:22:51","date_gmt":"2025-03-17T19:22:51","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=52499"},"modified":"2025-03-17T19:22:51","modified_gmt":"2025-03-17T19:22:51","slug":"100000000-ada-price-crash-incoming-following-extreme-offloading","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=52499","title":{"rendered":"100,000,000 ADA: Price Crash Incoming Following Extreme Offloading?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Large investors sold over $70M worth of ADA, increasing selling pressure and potentially triggering further declines.<\/p>\n

Analysts see $0.80 as key resistance, while a potential US SEC approval of a spot ADA ETF could fuel future gains.<\/p>\n

<\/a><\/span><\/h2>\n

Whales are Cashing Out<\/h2>\n

Cardano\u2019s ADA attempted to get back on the green track over the weekend, with its price briefly climbing to $0.75. In the past several hours, though, the bears retook control, and the valuation dropped to $0.71 (per CoinGecko\u2019s data).
\n<\/span><\/p>\n

<\/a>ADA Price, Source: CoinGecko<\/p>\n

Some factors, including the recent whale activity, suggest that the pullback might intensify <\/span>in the near future<\/span>. The popular X user Ali Martinez <\/span>revealed<\/span><\/a> that large investors have sold over 100 million ADA in the last week. As of this writing, the stash equals more than $70 million.<\/span><\/p>\n

Such sell-offs increase the token\u2019s circulating supply, which could lead to a downward pressure on the price (assuming demand <\/span>doesn\u2019t catch<\/span> up the pace). <\/span>Additionally, those actions might trigger panic among smaller players, making them dump their holdings<\/span>, too<\/span>.<\/span><\/p>\n

It is worth mentioning that a price correction for ADA has followed some of the previous offloads. At the start of February, whales <\/span>parted<\/span><\/a> with over 330 million tokens (worth almost $250 million <\/span>at the time<\/span>). ADA\u2019s valuation tanked by more than 10% in the following days.<\/span><\/p>\n

Price Predictions<\/span><\/h2>\n

Despite being deep into red territory on a monthly scale, ADA remains the subject of optimistic forecasts. The X user Joe Swanson recently <\/span>claimed<\/span><\/a> that the valuation needs to surpass $0.80 to confirm bullish momentum.\u00a0<\/span><\/p>\n

\u201cA reclaim flips resistance to support, setting up higher targets. Watch for volume surge,\u201d the analyst added.<\/span><\/p>\n

For his part, Dan Gambardello <\/span>opined<\/span><\/a> that Cardano\u2019s \u201csupertrend\u201d remains on pace, envisioning a price explosion to as high as $12.<\/span><\/p>\n

Meanwhile, some important events <\/span>that could happen<\/span> in the following months could fuel a significant rally. One example is the potential launch of a spot ADA exchange-traded fund (ETF). The product will allow investors to gain exposure to ADA without directly buying, holding, or managing the cryptocurrency.\u00a0<\/span><\/p>\n

The world\u2019s largest digital asset manager, Grayscale, <\/span>displayed<\/span><\/a> its intentions to introduce such an investment vehicle, and the US SEC has already <\/span>acknowledged<\/span><\/a> its application. According to Polymarket, the approval odds before the end of 2025 currently <\/span>stand<\/span><\/a> at almost 70%.<\/span><\/p>\n

The post 100,000,000 ADA: Price Crash Incoming Following Extreme Offloading?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Large investors sold over $70M worth of ADA, increasing selling pressure and potentially triggering further declines. Analysts see $0.80 as key resistance, while a potential US SEC approval of a spot ADA ETF could fuel future gains. Whales are Cashing Out Cardano\u2019s ADA attempted to get back on the green track over the weekend, […]<\/p>\n","protected":false},"author":0,"featured_media":52500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/52499"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52499"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/52499\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/52500"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}