Ethereum News Today: Ethereum Whales Withdraw 2.9M ETH as Cardano Whales Accumulate 120M ADA

Large institutional investors, often referred to as "whales," in the cryptocurrency market are showing divergent strategies between Ethereum (ETH) and Cardano (ADA) as of late 2025. Data reveals a significant withdrawal of 2.9 million ETH from the top 100 largest Ethereum wallets since May, reducing their share of the total supply from 22% to 19.6% [1]. This outflow has raised questions about whether it signals a strategic repositioning or reflects growing uncertainty about Ethereum’s performance, despite its price hovering near $3,740. Analysts suggest potential factors include saturation of Layer 2 solutions or a deliberate wait for renewed bullish momentum [2].

Conversely, Cardano’s largest holders are aggressively accumulating ADA, with over 120 million tokens added to whale addresses in two weeks [1]. This trend aligns with institutional backing, as Grayscale’s Smart Contract Platform Fund allocates 18.57% of its portfolio to ADA, ranking it third after Ethereum and Solana [1]. Technical indicators for ADA have turned positive, including a breakout above the 200-day moving average and a rising RSI, supporting its recent 38% price jump in July to $0.82 [1]. Some analysts forecast further gains, with speculative targets reaching $1.10 or even $2.97 if an "altseason" materializes [1].

The contrasting whale behavior underscores shifting market dynamics. Ethereum’s outflows coincide with broader institutional reassessments of liquidity strategies, particularly in the context of recent ETF inflows [4]. Meanwhile, Cardano’s accumulation suggests confidence in its technical roadmap and long-term positioning, despite ongoing debates about its scalability and governance challenges. High-value ADA transactions—exceeding 137 instances of $1 million or more in recent weeks—reinforce this narrative, signaling coordinated accumulation [1].

Other altcoins also attract attention, though less prominently. Remittix, an Ethereum-based token focused on fiat conversion, has raised $17 million by addressing practical utility gaps in crypto adoption [1]. Solana’s price movements reflect similar volatility, with bulls eyeing a potential rebound to $196 after a recent rise to $148 [1]. However, the ETH-to-ADA divergence remains central to discussions about capital reallocation.

Critically, whale activity does not always translate to immediate price action for the broader market. Retail sentiment, macroeconomic factors, and regulatory developments retain significant influence. Nonetheless, the deliberate contrast between Ethereum’s outflows and Cardano’s inflows highlights a growing skepticism toward overreliance on dominant chains and a willingness to bet on alternative ecosystems. As institutional players like Grayscale tilt their allocations toward Cardano, the implications for market psychology and investor behavior warrant close monitoring [3].

Sources:

[1] [ETH Or ADA? Whales Are Taking Opposite Directions](https://coinmarketcap.com/community/articles/68873731361abe5ce4db1f7e/)

[2] [Crypto Whales Are Dumping Ethereum For Cardano](https://www.mitrade.com/insights/news/live-news/article-3-990101-20250728)

[3] [ETH Whales Sell, ADA Whales Buy — A Silent Market Reversal](https://www.binance.com/en/square/post/27525158488178)

[4] [Ethereum's Liquidity Shifts and Institutional Bullishness](https://www.ainvest.com/news/ethereum-liquidity-shifts-institutional-bullishness-paradigm-investors-2507/)