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Cardano Whales Unload 350 Million ADA as Price Clings to Support

Conflicting on-chain signals leave the next move hinging on a break of $0.86.

Overview

  • Ali Martinez reports that addresses holding 100 million to 1 billion ADA sold about 350 million tokens over the past week as ADA fell roughly 15%.
  • Santiment data cited by CoinCentral shows large and mid-tier holders added roughly 200 million ADA between October 12 and 14.
  • The Spent Coins Age Band metric dropped 51% over the same window, indicating fewer tokens moved and suggesting lighter selling pressure.
  • Prices hovered around $0.69–$0.80 with technicians watching resistance near $0.86 and key downside levels around $0.61–$0.53.
  • Coinspeaker notes no broad surge in exchange inflows beyond the whale activity, while eToro’s U.S. launch of ADA staking expands potential token lock-up among retail users.