Cardano Whales Sold $180 Million Worth of ADA Tokens Last Week
Cardano's price has decreased by nearly 15% over the past week, following a strong performance at the start of 2025. This decline may be linked to large investors' activities and market uncertainty surrounding political events.
Whale Activity
- Whales sold over $180 million worth of ADA tokens last week.
- Sales were primarily from wallets holding between 100 million and 1 billion ADA.
- This sell-off could indicate a shift in investor sentiment or profit-taking after a recent price surge.
Between January 13 and January 17, Cardano's price rose nearly 30%, reaching $1.15 before the recent downturn.
Market Impact
- Increased supply from whale sell-offs can exert bearish pressure on ADA's price.
- The current value of ADA is approximately $0.97, reflecting a decline of over 1% in the last 24 hours.
- Overall, ADA is down about 15% in the past week according to CoinGecko data.
