Cardano Whales Move 70M ADA, Price Rebound Ahead?

Whale transactions involving Cardano (ADA) have intensified, with over 70 million ADA moved in the last 96 hours. This spike in large-scale transfers comes as ADA trades at approximately $0.7830 as of February 13, 2025, reflecting a nearly 20% drop compared to last month’s price levels.

ADA price, which once surged to nearly $3 in 2021, has faced prolonged price corrections amid changing market dynamics. Despite its strong blockchain fundamentals, the token has struggled to gain significant adoption, contributing to its current price challenges.

Potential Impact of Cardano Whale Activity

The movement of such a large volume of ADA suggests shifting sentiment among major holders. While significant transfers can indicate accumulation, they may also signal potential sell-offs, influencing short-term price action. Large-scale transactions often impact liquidity and volatility, raising concerns about further downside pressure or potential accumulation at lower levels.

Whales have moved over 70 million #Cardano $ADA in the past 96 hours! pic.twitter.com/iwSiwNlmMT

— Ali (@ali_charts) February 13, 2025

Cardano’s ecosystem has undergone technical advancements, including the implementation of Hydra, a layer-2 scaling solution, and upgrades to its smart contract functionality. These developments aim to improve transaction efficiency and network capabilities. However, newer blockchain projects such as SUI and platforms like DTX Exchange are increasing competition, challenging Cardano’s market position.

ADA Price Analysis Today

Cardano’s current price movement reflects a struggle to maintain upward momentum. The 20% decline over the past month highlights weak buying pressure despite ecosystem improvements. Resistance near $0.80 remains a critical level, and failure to reclaim this zone could push ADA toward lower support levels.

Although ADA remains within the top 10 cryptocurrencies by market capitalization, its ability to sustain long-term dominance will depend on its adaptability to market trends. Thus, a rebound above $0.80 level is important for a successful rebound.

Also Read: Cardano (ADA) Price Targets $1 Amid Whales Accumulation Spree and Breakout Rally Chances