{"id":56009,"date":"2025-04-01T12:54:52","date_gmt":"2025-04-01T12:54:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=56009"},"modified":"2025-04-01T12:54:52","modified_gmt":"2025-04-01T12:54:52","slug":"200000000-ada-will-cardanos-price-react-to-the-whales-selling-spree","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=56009","title":{"rendered":"200,000,000 ADA: Will Cardano\u2019s Price React to the Whales\u2019 Selling Spree?"},"content":{"rendered":"

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

Large investors parted with over $136 million worth of ADA last month.<\/span>
\nDespite that, the asset\u2019s price remains slightly in the green on a 30-day scale, posting a modest 2% gain.<\/p>\n

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

ADA Whales Sold Amid the Turbulence<\/h2>\n

Cardano\u2019s ADA was among the cryptocurrencies witnessing the <\/span>biggest<\/span> volatility throughout March. The price <\/span>exploded<\/span><\/a> above $1.10 at the start of the month when US President Donald Trump confirmed the news about a crypto reserve in America and said <\/span>ADA would be included<\/span>.\u00a0<\/span><\/p>\n

A few days later, though, the political leader officially <\/span>signed<\/span><\/a> the executive order on the initiative<\/span>, and <\/span>Cardano\u2019s<\/span> native token was not featured<\/span> as the directive <\/span>was solely focused<\/span> on <\/span>bitcoin<\/span>.\u00a0<\/span><\/p>\n

As a result, ADA plummeted below $0.70 and hovered around that level in the following weeks. Towards the end of March, it experienced a slight resurgence to as high as $0.77 before heading south again and eventually settling at its current $0.68 (per CoinGecko\u2019s data).<\/span><\/p>\n

The popular X user Ali Martinez <\/span>revealed<\/span><\/a> that amid the uncertainty last month, whales offloaded nearly 200 million ADA. <\/span>Calculated at current rates<\/span>, the stash equals over $136 million. Martinez outlined that large investors now hold approximately 5.8 billion tokens, representing around 16% of ADA\u2019s circulating supply.\u00a0<\/span><\/p>\n

Sell-offs of that type increase the number of coins available on the open market, potentially setting the stage for a price decline (should demand remain the same or diminish). Those efforts may also cause panic across the space, and in turn, smaller players could emotionally follow suit and intensify the selling spree.<\/span><\/p>\n

Price Reaction and Potential Catalysts<\/span><\/h2>\n

Despite the whales\u2019 offloading last month, ADA remains in green territory on a 30-day scale, charting a minor 2% increase <\/span>for the period<\/span>.\u00a0<\/span><\/p>\n

Meanwhile, some analysts believe\u00a0<\/span>the price could skyrocket to new peaks at $2 soon. Not long ago, Martinez\u00a0assumed<\/a> that a daily close above $1.15 would confirm this \u201cright-angled descending wedge\u201d and push the value\u00a0<\/span>to the <\/span>aforementioned target<\/span>.\u00a0<\/span><\/p>\n

An essential factor that may positively impact Cardano\u2019s native cryptocurrency is the potential approval of a spot ADA ETF in the United States. Grayscale <\/span>displayed<\/span><\/a> its intentions<\/span> to introduce such an investment vehicle in February, while the US SEC <\/span>acknowledged<\/span><\/a> the application a few weeks later.\u00a0<\/span><\/p>\n

The product will allow investors to gain exposure to ADA in a more simplified way, removing crypto exchanges and self-custody from the equation. It could garner the attention of <\/span>an additional number of<\/span> people who, in turn, might distribute fresh capital into the ecosystem. <\/span>According<\/span><\/a> to Polymarket, the chances of an ADA ETF seeing the light of day before the end of 2025 are 57%.<\/span><\/p>\n

The post 200,000,000 ADA: Will Cardano\u2019s Price React to the Whales\u2019 Selling Spree?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Large investors parted with over $136 million worth of ADA last month. Despite that, the asset\u2019s price remains slightly in the green on a 30-day scale, posting a modest 2% gain. ADA Whales Sold Amid the Turbulence Cardano\u2019s ADA was among the cryptocurrencies witnessing the biggest volatility throughout March. The price exploded above $1.10 […]<\/p>\n","protected":false},"author":0,"featured_media":56010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56009","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\/56009"}],"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=56009"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56009\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/56010"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}