Cardano (ADA) Drops 7.29% as Whales Sell 270 Million Tokens

Cardano (ADA) has recently attracted significant attention due to a substantial shift in whale behavior. According to on-chain analyst Ali, whales have sold over 270 million ADA in the past week, sparking concerns across the market. As of the latest report, ADA is trading at $0.6364, reflecting a sharp 7.29% drop in the last 24 hours. This significant selloff, coupled with the price decline, has led many to question whether this indicates deeper market weakness or strategic repositioning by large holders.

Ali’s analysis highlights aggressive selling from wallets holding between 100,000 and 10 million ADA. These investors, often referred to as “whales,” are known for influencing market trends due to the size of their holdings. Their decisions are typically calculated moves based on insider insights, broader macro analysis, or future expectations. The liquidation of over 270 million ADA in just seven days suggests a shift in sentiment among major players. Whether these whales are preparing for a deeper market pullback or reallocating capital to other assets remains unclear. However, their actions are significantly impacting short-term price performance.

The whale exodus has coincided with notable downward pressure on ADA’s price, which is now struggling to hold support above $0.63. Earlier this month, Cardano had shown signs of building upward momentum, but the current downturn has disrupted that narrative. This kind of sharp, large-volume selling often rattles retail investors, potentially setting off a chain reaction of panic-driven exits. If sentiment doesn’t recover quickly, ADA could retest lower support levels, possibly falling back into the $0.58–$0.60 range.

Despite the bearish short-term outlook, Cardano’s fundamentals remain solid. The network continues to see steady developer activity, with more than 1,500 projects currently building on its blockchain. Upgrades, including enhancements through Hydra for scaling and Voltaire, boost long-term network utility. The project’s peer-reviewed development model, while slower than others, has earned it credibility for security and academic rigor. These fundamentals are not shaken by temporary market volatility, but they don’t always shield the price from short-term turbulence either.

This whale-driven selloff may be part of a strategic rotation. Some analysts believe large holders may be moving capital into stablecoins, Bitcoin, or other trending altcoins, especially amid rising uncertainty in the broader crypto space. Others suggest it may simply be profit-taking following minor rallies in recent weeks. Whatever the reason, such a large-scale selloff is a signal that shouldn’t be ignored. It adds pressure on the market and raises the stakes for ADA in the days ahead.

Ali’s report of over 270 million ADA sold by whales has cast a shadow over Cardano’s near-term outlook. With a 7.29% daily drop and ADA trading at $0.6364, market sentiment has shifted into caution mode. Still, Cardano’s long-term fundamentals remain intact. Whether this is a passing storm or the start of a broader trend will depend on how the market—and the whales—move next.