{"id":73125,"date":"2025-06-10T17:15:40","date_gmt":"2025-06-10T17:15:40","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=73125"},"modified":"2025-06-10T17:15:40","modified_gmt":"2025-06-10T17:15:40","slug":"120000000-ada-in-just-2-days-what-are-cardano-whales-preparing-for","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=73125","title":{"rendered":"120,000,000 ADA in Just 2 Days: What Are Cardano Whales Preparing for?"},"content":{"rendered":"

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

Large investors scooped up more than $85 million worth of ADA in the last two days.<\/span>
\nThe question now arises whether they are getting ready for a price pump, perhaps fueled by encouraging news on the ADA ETF front.<\/p>\n

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

Stacking More ADA<\/h2>\n

The renowned analyst, going by the pseudonym Ali Martinez on X, <\/span>disclosed<\/span><\/a> that Cardano whales purchased more than 120 million ADA in the last 48 hours. The USD equivalent of the stash equals over $85 million (calculated at current rates).\u00a0<\/span><\/p>\n

Martinez\u2019s chart shows that the buying spree <\/span>was conducted<\/span> by investors holding between 100 million and 1 billion tokens. He also revealed that, as of the moment, they collectively own 3.14 billion ADA, or approximately 8% of the asset\u2019s circulating supply.<\/span><\/p>\n

The whales\u2019 actions <\/span>are usually closely monitored<\/span> by smaller players who may decide to mimic the move and join the ADA ecosystem or increase their exposure. It is also a <\/span>common<\/span> theory (or at least a suspicion) that such large investors sometimes have inside information about vital events that can impact the price, which might explain their accumulation (or dumping) efforts.\u00a0<\/span><\/p>\n

One development that Cardano proponents might be waiting for is the potential approval of the first spot ADA ETF in the United States. One of the companies with intentions<\/a> to <\/span>introduce this type of product is Grayscale.\u00a0<\/span><\/p>\n

Just a few weeks ago, the US Securities and Exchange Commission (SEC) <\/span>delayed<\/span><\/a> its decision on the fund until July 15, with its final \u201cyes\u201d or \u201cno\u201d expected to be announced before the October 22 deadline.\u00a0<\/span><\/p>\n

At the start of the business week, the chances of approval (before the end of 2025) on Polymarket dropped to nearly 40%. However, over the past few hours, the odds briefly surged to 70% and currently stand at 66%.<\/span><\/p>\n

<\/a>ADA ETF Odds, Source: Polymarket<\/p>\n

The improved chances come shortly after the SEC <\/span>greenlighted<\/span><\/a> a NASDAQ crypto US settlement price index, which includes numerous altcoins, such as ADA.\u00a0<\/span><\/p>\n

Poised for an Uptrend?<\/span><\/h2>\n

Cardano\u2019s native token currently trades at around $0.70, representing a 5% daily increase but an 11% decline over the past month.\u00a0<\/span><\/p>\n

Nonetheless, <\/span>important<\/span> indicators suggest that a more substantial resurgence may be on the way. For instance, ADA\u2019s exchange netflow has been predominantly negative in the past several months.
\n<\/span><\/p>\n

<\/a>ADA Exchange Netflow, Source: CoinGlass<\/p>\n

This<\/span> suggests that many investors may have shifted from centralized platforms to self-custody methods, which reduces\u00a0immediate selling pressure.<\/span><\/p>\n

Meanwhile, some well-known analysts on X, including Lucky, have made bullish predictions about ADA\u2019s future price. Those willing to explore that in detail can take a look at our article <\/span>here<\/span><\/a>.<\/span><\/p>\n

The post 120,000,000 ADA in Just 2 Days: What Are Cardano Whales Preparing for?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Large investors scooped up more than $85 million worth of ADA in the last two days. The question now arises whether they are getting ready for a price pump, perhaps fueled by encouraging news on the ADA ETF front. Stacking More ADA The renowned analyst, going by the pseudonym Ali Martinez on X, disclosed […]<\/p>\n","protected":false},"author":0,"featured_media":73126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-73125","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\/73125"}],"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=73125"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/73125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/73126"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}