The Cardano price is trading around $0.63 now after pumping 8% last week. Considering Solana or XRP recovered in double-digits during the same period, ADA holders are not particularly happy with this price performance.
However, what’s even more worrying is what Ali Martinez shared via his X account last night.
What you'll learn 👉
Whales Dumping Their ADA Holdings
Martinez’s chart shows whale addresses (those holding 1-10 million ADA) have been selling off their coins steadily for a month. From March 13 to April 13, these big players reduced their holdings from about 5.96 billion ADA to 5.65 billion ADA. That’s a drop of more than 310 million ADA in total.
The biggest sell-off happened between April 5 and April 8. During this short period, whales sold more than 100 million ADA. This heavy selling lined up with a sharp drop in the ADA price.
Over the whole month, Cardano’s price moved between $0.71 and $0.51. The worst price drop came around April 5-7, exactly when the whale selling was most intense.
Whales have offloaded over 100 million #Cardano $ADA in the past week! pic.twitter.com/kdCl1CXmEE
— Ali (@ali_charts) April 15, 2025
What This Means for Cardano
Despite whales selling so much ADA, the price started to recover after April 7. By April 13, it had climbed back to $0.636. This suggests smaller investors might be buying what the whales are selling.
Still, when big holders sell this much, it’s usually not a good sign. They might be losing faith in Cardano’s near future or taking profits before they expect the price to fall further.
If whales keep selling, ADA will likely struggle to climb higher. It might continue to lag behind other major cryptos like Solana and XRP. But if the major selling is already done and the price stays above $0.63, Cardano might prove stronger than the whale activity suggests.
The ongoing behavior of these large holders will be crucial to watch. Their actions often predict where prices might go next, and right now, their selling spree raises concerns about Cardano’s ability to join the broader crypto market’s stronger recovery.
Read also: Cardano’s Founder Hints at XRP Partnership – What It Means for ADA
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