XRP News Today: Whales Bet Big on Cardano Amid Market Dip and South Korean Surge

Cardano (ADA) has seen a significant surge in whale activity and trading volume in recent days, with transactions worth over $100,000 hitting a five-month high. In the last 24 hours alone, more than $28 million worth of ADA was added to large wallets, according to on-chain data from Santiment. Whales holding between 10 million and 100 million ADA tokens accumulated an estimated 130 million tokens from Tuesday to Thursday, signaling confidence in the asset and its potential for future growth [4]. This accumulation came despite a broader market correction that saw ADA and XRP decline in value, with Cardano’s price dropping 6.2% in the past 24 hours. However, whale activity continued unabated, with major holders viewing the dip as an opportunity to buy at a discount [5].

The surge in whale buying coincides with a spike in futures trading volume, which reached a five-month high of $6.96 billion. This level of activity often precedes significant price movements, as increased liquidity and trading interest can lead to sharper price swings. At the time of the surge, ADA was trading at $0.8450 with a market cap of $30.16 billion and a 1-year gain of 150.96%. Technically, ADA has been forming a triangle pattern, a consolidation structure that could lead to a breakout if bullish momentum holds. Analysts suggest that a sustained move above $1.00 could open the door to further gains toward $1.10 in the near term [1].

The bullish setup is supported by positive signals from the derivatives market. Funding rates for ADA derivatives have turned positive, indicating improved sentiment among traders. According to Coinglass’s OI-Weighted Funding Rate data, the rate stands at 0.0072%, a sign that longs are paying shorts to maintain positions. Historically, such a shift has been followed by sharp price rallies. For example, a similar positive flip in funding rates occurred on July 6, which was followed by a notable price increase for ADA [4]. These indicators, along with the growing interest from whale investors, suggest that the market may be positioning for a potential breakout.

South Korean investors have also contributed to the recent surge in ADA trading volume. Cardano’s trading volume on major South Korean exchanges has nearly doubled that of Coinbase in the last 24 hours, a trend that is unusual outside of XRP. The surge in South Korean activity has pushed Cardano’s 24-hour volume higher than BNB, the fifth-largest cryptocurrency by market value, by over $1.2 billion. The regulatory environment in South Korea, which restricts foreign participation in local exchanges, means that this increased volume reflects strong local demand rather than global trading flows [2].

Analysts are keeping a close eye on key price levels as the market builds toward a potential breakout. The $0.80–$0.82 range is considered the first line of support, while a sustained move above $0.90–$0.92 would indicate that bulls are in control. A daily close above $1 would serve as a strong confirmation signal for trend followers and could mark the beginning of a more extended rally. Technical indicators such as the RSI and MACD show mixed signals, with the RSI at 56 and the MACD lines converging, reflecting some indecisiveness among traders [4]. However, the overall sentiment remains bullish, especially with the recent accumulation by large holders and the strong futures volume.

While most analysts project a more conservative range of $0.80 to $1.40 for ADA in 2025, some are speculating on the possibility of a return to the $3 level if bullish conditions continue. A Golden Cross setup—when the 50-day moving average crosses above the 200-day—has historically been a strong indicator of such a rally. However, obstacles remain, including slow on-chain adoption and a competitive landscape with projects like Solana and Ethereum. Additionally, Cardano’s community-driven development model has been noted for its slower pace compared to other Layer 1 competitors [6]. Despite these challenges, the recent market dynamics suggest that ADA is on the cusp of a significant price movement, with the outcome dependent on whether bullish momentum can hold and drive the price above key resistance levels.

Source:

[1] Cardano Futures Volume Hits Record $6.96B 5-Month High, ADA Eyes Breakout (https://coinedition.com/cardano-futures-volume-hits-record-5-month-high-ada-eyes-breakout/)

[2] Cardano Trading Volume Spikes Amid Frenzied Interest in South Korea (https://finance.yahoo.com/news/cardano-trading-volume-spikes-amid-162912352.html)

[4] Cardano Price Forecast: ADA Rebounds as Whale Accumulation and Positive Funding Rates Boost Sentiment (https://www.fxstreet.com/cryptocurrencies/news/cardano-price-forecast-ada-rebounds-as-whale-accumulation-and-positive-funding-rates-boost-sentiment-202508210408)

[5] Cardano and XRP Whale Activity Hits Multi-Month High Amid Broader Market Correction (https://finance.yahoo.com/news/cardano-xrp-whale-activity-hits-160753452.html)

[6] Cardano Price Prediction: Can ADA Reach $3 Again? Experts Say Remittix Is the Smarter Bet (https://coincentral.com/cardano-price-prediction-can-ada-reach-3-again-experts-say-remittix-is-the-smarter-bet/)