Cardano Whales Offload 130 Million ADA in a Week, Analyst Reveals
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- Cardano whales offload 130 million ADA within seven days, data shows.
- Santiment data reveals sharp decline in whale ADA holdings recently.
- ADA price falls after whale selling amid broader crypto market volatility.
Cardano entered a new phase of market attention after blockchain data revealed that large investors reduced their holdings significantly within a short period, signaling a shift in behavior among some of the network’s biggest participants as trading activity intensified across the broader cryptocurrency market. According to crypto analyst and trader Ali Martinez, whale addresses collectively offloaded roughly 130 million ADA during the past seven days, a movement he highlighted in a recent post while sharing a chart from the on-chain analytics firm Santiment that illustrates the magnitude of the decline in large wallet balances.
The Santiment data shows that whale holdings had remained relatively stable for an extended period, with balances hovering around 13.73 billion ADA since the middle of 2025 before the most recent adjustment appeared within the past week. However, the chart indicates that those balances declined from approximately 13.65 billion ADA to about 13.55 billion ADA in a matter of days, suggesting that large holders redistributed or likely sold a substantial portion of their positions during that timeframe.
This latest development also follows earlier reports indicating that whales had already shifted more than 230 million ADA in separate transactions, which contributed to increasing selling pressure across the Cardano market while raising questions about the short-term positioning of large investors.
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ADA Price Movement Mirrors Broader Crypto Market Volatility
Cardano’s recent price action unfolded during a period of wider market turbulence, as the cryptocurrency closely followed movements in Bitcoin while macroeconomic developments influenced investor sentiment across digital asset markets. On March 5, ADA climbed to approximately $0.28 during a brief recovery across the cryptocurrency sector, yet the upward momentum proved short-lived as the asset soon entered a period of correction.
By March 9, Cardano had fallen about 12.52% reached the $0.24 level before stabilizing, after which the price recovered modestly and returned toward the $0.26 range following a short-term rebound that briefly pushed the asset near $0.27. Meanwhile, Bitcoin experienced similar pressure during the same period after geopolitical tensions in the Middle East drove oil prices back above the $100 level, a development that coincided with Bitcoin dropping below $70,000 while ADA declined roughly 3.08% before both assets later pared some of their losses.
Also Read: Ripple $750 Million Buyback Plan: Will XRP Suffer? – Here’s What It Could Mean
The post Cardano Whales Offload 130 Million ADA in a Week, Analyst Reveals appeared first on 36Crypto.
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