Cardano Whales Make a Splash: 120M ADA in 2 Days! 🚀🐋

by

Cardano Whales Make a Splash: 120M ADA in 2 Days! 🚀🐋

TL;DR: Because who doesn’t love a good whale story?

  • Big money investors have tossed over $85 million worth of ADA into the sea in just two days. Talk about a whale salad! 🥗
  • Now everyone’s wondering if these giants are gearing up for a price splash — perhaps hoarding news about the ADA ETF like a squirrel with acorns.

ADA chart showing pump potential

Stacking More ADA: Because Why Not?

Legendary crypto whisperer Alias Ali Martinez, speaking softly through the Twitter waves, revealed that the whales had gobbled up more than 120 million ADA over the last 48 hours. That’s over $85 million, or enough to buy a small island—or at least a fancy coffee shop. ☕️💸

According to Martinez’s chart, these high rollers hold tokens ranging from 100 million to a billion—making them the crypto version of high school bullies but with way more cash and none of the bullying. They now own about 8% of all ADA in circulation, which is roughly 3.14 billion tokens—enough to get anyone’s attention.

Watch out, small investors! When whales make moves, the tiny fish tend to follow, either swimming with the big sharks or getting swallowed whole. Some folks think these giants have secret insider info about events that could send ADA soaring or crashing. Stay tuned; it’s like a soap opera with cryptocurrency! 🎭🐟

Meanwhile, folks are eyeing the U.S. regulators’ decision on the first spot ADA ETF—because nothing screams “investment opportunity” like shiny new financial products. Grayscale is just one of the folks trying to convince the SEC to say yes to the permission slip. 📝🤞

Not long ago, the SEC paused, delaying the decision until July 15, leaving everyone biting their nails. Now, the odds of approval before year’s end have swung like a pendulum from 40% to a hopeful 70%, currently sitting at 66%. Could be good news, or just SEC playing hard to get. 💌

ADA ETF odds infographic

The recent green light given by the SEC to a crypto price index, including ADA, has everyone dreaming of a future where crypto is as common as coffee and donuts. 🍩☕️

Are We Headed for a Bull Run?

Right now, ADA dances around the $0.70 mark, up 5% today but down 11% over the last month. It’s like a roller coaster—hold on tight! 🎢

However, all signs point to the possibility that ADA might be gearing up for another leap. Its exchange netflow has been mainly negative lately, meaning more folks are holding onto their tokens instead of selling—kind of like a teenager refusing to give up their favorite hoodie. 🧥

Some sharp analysts on X, including Lucky, are throwing out bullish predictions—basically telling everyone to buckle up and buy popcorn. If you want the full scoop, check out our detailed article here. Spoiler: it might involve some moonshots. 🚀🌕

Read More

2025-06-10 20:23