After a quiet start in 2025, Cardano’s price had finally started to base himself on his bullish momentum of the previous year. However, Altcoin apparently found a setback, with its drop down of almost 15% last week.
While this recession could be attributed to the uncertainty and drama that surrounds the inauguration of Donald Trump, it could also be connected to the movement of large investors last week. Here’s how Cardano’s whales have been sold in the last seven days.
The whales sold $ 180 million for Taken Ada last week
In a recent post on platform X, the main crypto expert Ali Martinez shared the amount of Cardano token downloaded from the whales last week. This is based on the change in the participations of the portfolio of those who have between 100 million and 1 billion coins.
It is worth remembering that the addresses the tokens of possession of this size are called whales. These entities are considered significant since other participants in the market often look at their movements.
Due to their substantial participation, crypt whales often exercise significant influence on the market and prices. Historically, the prices of the activities tend to move in the direction of these great investors (prices increase during the accumulation of whales and immerse themselves during whale-offs.)
According to Martinez, Cardano’s whales cut their participations last week, downloading over 180 million token Ada in the process. This Sell-off is equivalent to about $ 185 million at the current market price.
Although determining the exact logic behind the last movement of the whales is difficult, it is not unusual that whales block profits, especially after an increase in prices. For the context, the cardan price increased by almost 30% from $ 0.9 to $ 1.15 between January 13 and January 17.
In addition, large-scale Sell-offs by whales could indicate a change in the feeling of investors, especially if they expect a future drop in prices. They could try to collect early to reduce to a minimum or avoid leaks.
In the end, the whales that shave their participations are often not successful for an asset (Cardano, in this case), since the supply in the open market increases. The increase in the offer without a sufficient question to absorb the sale could exert a bearish pressure on the price of Ada.
Cardano price at a glance
At the time of drafting this document, the Token Ada is evaluated at around $ 0.97, reflecting a drop of over 1% in the last 24 hours. According to Coingecko data, Altcoin has fallen by about 15% in the last seven days.
In the foreground image from Usplash, a tradingview graphics