{"id":15371,"date":"2025-02-27T17:46:49","date_gmt":"2025-02-27T17:46:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=15371"},"modified":"2025-02-27T17:46:49","modified_gmt":"2025-02-27T17:46:49","slug":"millions-of-ada-sold-by-cardano-whales-during-market-crash-will-the-decline-continue","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=15371","title":{"rendered":"Millions of ADA Sold by Cardano Whales During Market Crash \u2013 Will the Decline Continue?"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li data-start=\"0\" data-end=\"167\">\n<p data-start=\"2\" data-end=\"167\">Cardano\u2019s ADA dropped by double digits in a week, with whales offloading over 170 million tokens, potentially signaling more downward pressure.<\/p>\n<\/li>\n<li data-start=\"169\" data-end=\"313\" data-is-last-node=\"\">\n<p data-start=\"171\" data-end=\"313\" data-is-last-node=\"\">Hopes for a rebound rest on the potential approval of a spot ADA ETF filed by Grayscale, which could attract traditional investors and boost demand.<\/p>\n<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA_CB-2.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-385211\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA_CB-2.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA_CB-2.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA_CB-2-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA_CB-2-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA_CB-2-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA_CB-2-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>More Pain Ahead?<\/h2>\n<p><span data-preserver-spaces=\"true\">Cardano\u2019s ADA was trading well above $0.80 towards the end of last week. However, the start of the new business week <a href=\"https:\/\/cryptopotato.com\/bitcoin-falls-below-84k-for-the-first-time-in-3-months-how-much-lower-can-it-go\/\" data-wpel-link=\"internal\">offered<\/a> a lot of pain for the bulls, with the asset plunging to as low as $0.63 (per CoinGecko\u2019s data). ADA slightly rebounded over the past several hours to the current $0.67. Still, this represents a 15% decline on a seven-day scale.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_385210\" aria-describedby=\"caption-attachment-385210\" style=\"width: 581px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-385210\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA.png\" alt=\"ADA Price\" width=\"581\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA.png 1039w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA-300x206.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA-1024x705.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA-768x529.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA-50x34.png 50w\" sizes=\"auto, (max-width: 581px) 100vw, 581px\"><\/a><figcaption id=\"caption-attachment-385210\" class=\"wp-caption-text\">ADA Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">According to some factors, the negative trend could be far from over. The popular analyst, going on X as Ali Martinez, <a href=\"https:\/\/x.com\/ali_charts\/status\/1894742211557773455\" data-wpel-link=\"external\" target=\"_blank\">estimated<\/a> that whales dumped more than 170 million ADA in the span of 96 hours. The stash equals almost $115 million (going at current rates).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Continued efforts of that type would create an influx of tokens on the open market, potentially overwhelming demand and <\/span><span data-preserver-spaces=\"true\">hav<\/span><span data-preserver-spaces=\"true\">ing a negative effect on<\/span><span data-preserver-spaces=\"true\"> the price.<\/span><span data-preserver-spaces=\"true\"> Additionally, the whales\u2019 actions <\/span><span data-preserver-spaces=\"true\">are closely monitored<\/span><span data-preserver-spaces=\"true\"> by some smaller players who could follow suit and intensify the selling spree.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Earlier this month, Martinez <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1893059121038979427\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">maintained<\/span><\/a><span data-preserver-spaces=\"true\"> that ADA\u2019s most critical support stands between $0.67 and $0.70. \u201cAs long as this level holds, the bull run remains intact,\u201d he claimed <\/span><span data-preserver-spaces=\"true\">at the time<\/span><span data-preserver-spaces=\"true\">. <\/span><span data-preserver-spaces=\"true\">As mentioned above<\/span><span data-preserver-spaces=\"true\">, though<\/span><span data-preserver-spaces=\"true\">, the valuation briefly tanked below the depicted level.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Potential Price Catalyst<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">While the overall environment looks <\/span><span data-preserver-spaces=\"true\">quite<\/span><span data-preserver-spaces=\"true\"> grim, one <\/span><span data-preserver-spaces=\"true\">important<\/span><span data-preserver-spaces=\"true\"> factor might bring back the green candles. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> is the possible launch of a spot ADA exchange-traded fund (ETF) in the United States, whose chances of approval before the end of 2025 have <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/polymarket.com\/event\/cardano-etf-in-2025?tid=1740664205998\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">risen<\/span><\/a><span data-preserver-spaces=\"true\"> to 67% lately.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The improved odds result from the SEC\u2019s <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/cardano-ada-etf-approval-odds-surge-in-the-us-after-key-development-details\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">acknowledgment<\/span><\/a><span data-preserver-spaces=\"true\"> of Grayscale\u2019s application to introduce such an investment vehicle.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The product will allow investors to gain exposure to ADA without needing to directly purchase, store, or manage the cryptocurrency. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> simplifies the process, especially for traditional investors unfamiliar with crypto wallets and exchanges.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Additionally, the world\u2019s largest digital asset manager \u2013 Grayscale \u2013 operates under regulatory frameworks, providing a layer of security and transparency. That might be particularly attractive to risk-averse investors who might be hesitant to enter the volatile crypto market.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/millions-of-ada-sold-by-cardano-whales-during-market-crash-will-the-decline-continue\/\" rel=\"nofollow\">Millions of ADA Sold by Cardano Whales During Market Crash \u2013 Will the Decline Continue?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Cardano\u2019s ADA dropped by double digits in a week, with whales offloading over 170 million tokens, potentially signaling more downward pressure. Hopes for a rebound rest on the potential approval of a spot ADA ETF filed by Grayscale, which could attract traditional investors and boost demand. More Pain Ahead? Cardano\u2019s ADA was trading well [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-15371","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15371"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15371\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}