Bitcoin News Today: Cardano's ADA Defies ETF Delay, Whales Quietly Amass 150M Tokens

Cardano's ADA token has been experiencing a notable uptrend, reaching a price of approximately $0.86 as of late August 2025, following a 50% increase in value over the preceding weeks. This price movement has been attributed to a combination of factors, including anticipation around the U.S. Securities and Exchange Commission’s (SEC) decision on the Grayscale Cardano ETF and broader market dynamics. The ADA token gained 3% in the past 24 hours, aligning with a broader recovery in the cryptocurrency market, as reflected in the CoinDesk 20 Index, which also rose by 2.8% during the same period.

The SEC’s decision on the Grayscale Cardano ETF, now delayed until late October 2025, has not dampened investor enthusiasm. Despite the uncertainty, ADA has shown resilience, trading within a tight $0.04 band and experiencing a sharp breakout from $0.84 to $0.88. This movement was supported by trading volumes that exceeded the 24-hour average by more than double. Analysts suggest that the stabilization of ADA around $0.86 could indicate institutional accumulation, signaling potential for a further rally if the ETF is approved.

Technical indicators also support a bullish outlook for ADA. The price has consolidated near $0.88, with $0.85 emerging as a critical support level. Traders are monitoring $0.88 as a potential resistance point, while some analysts predict a move toward $1.00 could signal a broader upward trend. The token’s on-chain activity has shown strong whale accumulation, with large holders reportedly acquiring 150 million ADA in the past two weeks. This kind of “smart-money” buying is often seen as a precursor to stronger price rallies.

Moreover, ADA’s performance in the broader market has outpaced many of its peers. Over the past year, Cardano’s price has surged by 143.89%, significantly outperforming the Layer 1 category average. In the past 30 days alone, ADA’s price has gained roughly 2.61%. The token’s market cap currently stands at $30.46 billion, with a fully diluted valuation of $38.36 billion, reflecting the growing interest in the Cardano platform.

Looking ahead, several catalysts could drive ADA higher. The Grayscale ADA ETF approval is expected to bring increased institutional demand, particularly from U.S. investors, given the success of Bitcoin and Ethereum ETFs. Additionally, developments within the Cardano ecosystem, such as the launch of the Midnight sidechain and the ongoing Glacier airdrop of NIGHT tokens, could attract further attention and investment. These factors, combined with the token’s strong technical indicators and on-chain activity, suggest that ADA could continue its upward trajectory in the coming weeks.

Source: [1] Cardano Gains 2%, Shrugs Off ETF Delay (https://www.coindesk.com/markets/2025/08/27/cardano-spikes-on-fed-cut-bets-shrugs-off-etf-delay) [2] Cardano Price, ADA Price, Live Charts, and Marketcap (https://www.coinbase.com/price/cardano) [3] Cardano Whales Scoop Up 150M ADA, What Happened? (https://blockchainreporter.net/cardano-whales-scoop-up-150m-ada-what-happened/) [4] JPMorgan says current bitcoin price 'too low,' sees upside ... (https://www.theblock.co/post/368653/jpmorgan-says-current-bitcoin-price-too-low-sees-upside-to-126000-by-year-end) [5] American Bitcoin, backed by Trump sons, aims to start ... (https://www.cnn.com/2025/08/28/business/american-bitcoin-trump-sons) [6] Cardano price gears up for a 55% jump with ADA ETF ... (https://crypto.news/cardano-price-gears-up-for-a-55-jump-with-ada-etf/)