Cardano whale activity up 10x; Will ADA break the $1 barrier?

As the market started to get exciting with several cryptos registering green, Cardano  (ADA) also stood out, showcasing notable developments

Cardano has seen a significant surge in whale activity recently, leading to speculation about its future price potential. 

Market intelligence platform IntoTheBlock revealed in an X (formerly Twitter) post that Cardano whales—those holding between 100 million and 1 billion ADA—have added 11% more ADA to their holdings over the past month. 

Picks for you

Bitcoin whale trader turns bullish, stacks $175 million BTC in May 1 hour ago
Is the recession here? U.S. delinquency rate surges to highest level in 14 years 2 hours ago
Venezuela to shut down cryptocurrency mining farms 17 hours ago
Here's when Solana could hit $200 18 hours ago

These large investors now control 6.71% of the total ADA supply, indicating a bullish sentiment

The increase in whale holdings is often seen as a precursor to a price rally. Large-scale purchases by these investors can lead to significant price movements. 

Retail investors are also showing strong interest in ADA. Data from IntoTheBlock reveals a bullish bid-ask volume imbalance and an uptick in the ‘InThe Money’ metric. This indicates that most investors are currently profiting from their ADA holdings.

Growing optimism in the Cardano ecosystem

Confidence in Cardano is growing. DeFiLlama reports an increase in Total Value Locked (TVL) on the Cardano network over the past week. Additionally, trading volume on the network has increased, suggesting that more users are actively trading ADA.

However, despite the bullish outlook, there are concerns about declining user activity on the Cardano network.

Data from Artemis shows a significant drop in daily transactions, now around 48,000 compared to 96,000 two months ago. 

Daily active addresses have also decreased, recently dipping below 34,000. These trends raise questions about the network’s current usage and adoption despite the overall positive sentiment regarding ADA’s price potential.

ADA price analysis

At press time, Cardano is trading at $0.4791 with a market capitalization exceeding $17.09 billion, making it the 10th largest cryptocurrency. 

However, a change might be on the horizon. World of Charts highlighted that ADA’s price recently broke above a bullish flag pattern on its 8-hour chart. This pattern suggests ADA is currently at nearly a 10% profit, with the potential to surge by 100%. 

If this occurs, Cardano could reach $1 in the upcoming weeks.

ADA MVRV Velocity and Volume . Source: Santiment

Santiment’s data shows an improvement in ADA’s MVRV ratio, a bullish indicator. Trading volume has remained high, supporting the recent price surge. However, Cardano’s velocity dropped last week, indicating reduced transaction activity.

ADA liquidation heat map. Source: Coinglass

Furthermore, analysis from Coinglass suggests Cardano might see a significant liquidation near the $0.492 mark. This could lead to price corrections, but if ADA breaks above this level, it could reach $0.5 or $0.528 shortly.

The recent surge in whale activity and growing optimism within the Cardano ecosystem suggest a promising outlook for ADA. While there are some concerns about declining user activity, the overall sentiment remains positive.

Investors should watch key price levels and market indicators closely as ADA continues to navigate these dynamic market conditions.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Comments

Post a Comment

Popular posts from this blog

BlackRock CEO Larry Fink Says Tokenization Is The ‘Next Wave of Opportunity’

Image
BlackRock CEO Larry Fink said tokenization will drive the firm’s ”next wave of opportunity,” predicting that traditional assets will increasingly move onto blockchains over the coming decades. S peaking in an interview on CNBC’s Squawk Box, Fin k said institutions are likely to “start moving away from traditional financial assets by repotting them in a digital manner.” “I do believe we’re just at the beginning of the tokenization of all assets, from real estate to equities, to bonds  — across the board,” he said. ” We look at that as the next wave of opportunity for BlackRock over the next tens of years.” CEO of world’s largest asset manager… “We're just at the beginning of the tokenization of all assets.” Yes, includes ETFs. Larry Fink on his positively evolving attitude towards crypto: “I grow & learn.” Good lesson here. And some of you *still* think crypto i...
Read more

160 crypto influencers exposed for undisclosed paid ads

ZachXBT , a known “on-chain detective”, dropped another massive leak on September 1, exposing hundreds of crypto influencers. Namely, a price sheet posted on X reveals the wallet addresses and promotional rates of over 200 figures in the market recently approached by a project they were meant to promote. However, ZachXBT’s Analysis shows that while some 160 accounts accepted the deal, fewer than five actually disclosed their posts as paid advertisements. NEW LEAK: Price sheet of 200+ crypto influencers and their wallet addresses from a project they were recently contacted by to promote. From 160+ accounts who accepted the deal I only saw <5 accounts actually disclose the promotional posts as an advertisement. pic.twitter.com/Kph9dUvDxB — ZachXBT (@zachxbt) September 1, 2025 Unsurprisingly, the leak is raising a number of questions regarding transparency and marketing standards with cryptocurrency, even if most of those featured on the list are “from the ...
Read more

Coinbase $300 million hacker makes new crypto purchase

Image
The hacker behind the $300 million Coinbase (NASDAQ: COIN) breach has resurfaced with another major purchase, this time acquiring Solana (SOL). On August 24, the attacker bought 38,126 SOL, worth about $7.95 million, at an average price of $209, according to on-chain data retrieved by Finbold from Arkham Intel. Coinbase hacker’s crypto purchases. Source: Arkham This follows earlier activity on July 20, when the same wallet added 649.62 ETH valued at $2.31 million at $3,561 each. The transactions suggest a strategy of diversifying into major blockchain ecosystems while moving funds through decentralized exchanges and aggregators. Coinbase hacker’s crypto purchases. Source: Arkham Coinbase’s notable security incident  The purchases trace back to one of Coinbase’s notable security incidents in early 2025, when cybercriminals bribed overseas support agents to access internal systems.  Insights into the breach indicate that the inc...
Read more