- Whales sold 160M ADA in 96 hours, impacting price stability.
- Sale coincides with rising interest in utility altcoins like Remittix.
- Community divided on whether this signals a dip or buying opportunity.
The Cardano (ADA) ecosystem is buzzing with concern as @ali_charts recently revealed a staggering sale of 160 million ADA tokens by whales over the past 96 hours, as of September 21, 2025. This move, accompanied by a price chart showing a noticeable dip, has sparked speculation among the Web3 community.
With ADA’s price fluctuating between $0.8976 and $0.9049 in the last 24 hours (per CoinMarketCap), the sale suggests potential profit-taking or strategic market manipulation—a common tactic among large holders, as noted in Investopedia’s 2024 analysis on crypto volatility.This whale activity comes at a pivotal moment for Cardano, a blockchain known for its research-driven approach and DeFi potential.
The timing coincides with growing interest in utility-driven altcoins like Remittix, which raised $25M and boasts a CertiK audit (Coindoo, September 13, 2025). Whales may be reallocating capital to capitalize on emerging trends, challenging ADA’s dominance. The chart shared by @ali_charts, reflecting a broader downward trend, aligns with peer-reviewed findings from the Journal of Financial Economics, which highlight how large trades can influence market microstructure and trigger retail sell-offs.
Community reactions on X range from cautious optimism to alarm. Users like @IMTYLERBURKE predict a bounce once “weak hands” exit, while @BunnyyyTradess accuse whales of manipulating prices to buy back cheaper. Meanwhile, some, like @Domino_Trading_, see this as an accumulation opportunity.
The OneSafe Blog supports this duality, noting that whale moves can both destabilize and signal bullish sentiment. As ADA’s price teeters, the next few days will be critical. Will this sell-off deepen, or will Cardano’s fundamentals—bolstered by upgrades like Vasil—hold firm? For investors, monitoring whale wallets and broader market trends is essential in this volatile Web3 landscape.
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.
