Overview
- An identified large holder deposited $7.9 million in USDC to Hyperliquid and bought 6.46 million ADA for about $2.5 million.
- On-chain analyst Ali Martinez reported whales accumulated roughly 210 million ADA over the past three weeks.
- Daily trading activity jumped, with reported spot volumes topping $600 million at the time of coverage.
- Coinglass data showed BitMEX futures volume for ADA surged about 10,654% to roughly $40 million, signaling heightened derivatives participation.
- ADA is consolidating around $0.38–$0.40 and remains below resistance near $0.43–$0.48, with the token still about 86% off its all-time high and downside risk if support gives way.