Large-scale holders have raised eyebrows after selling over 270 million ADA coins in a single week. A sign of an incoming storm?
Cardano is facing bearish pressure following a week of massive whale dumping. ADA is trading at $0.6374, a 3.34% price drop in the past 24 hours, as of press time, per CoinMarketCap. Recent on-chain metrics reveal a surprising trend that could be fueling ADA’s price stagnation and bearish momentum.
According to the data by Santiment, Cardano whales have sold over 270 million coins in the past week. With such a large amount of ADA coins entering the exchanges, the market is wondering what large investors know.
Why are whales dumping ADA?
In the past two weeks, the U.S Securities and Exchange Commission (SEC) delayed Cardano ETFs amid weeks of market anticipation of approval. Despite price fluctuations over the past week, ADA’s open interest has dropped by 4.37% in the past 24 hours. The Open Interest (OI)-Weighted Funding Rate flipped negative. According to CoinGlass data, this is the lowest it has flipped since March 2025.
With the Cardano ETF approval uncertainity, large ADA holders could be dumping their coins to cut losses, anticipating more bearish pressure ahead. Additionally, with the ETFs’ approval odds still at 75, some of the whales could be aiming to “buy the dip” in the next few weeks as the market shakes off “weaker hands”. With the weekly MACD and moving averages flashing “sell”, the market is watching whale activity and fundamental developments for deeper insights.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
