Cardano Whales Dump 130 Million ADA in a Week, Market Impact Under Scrutiny

Blockchain data reveals that Cardano (ADA) whale investors have significantly reduced their ADA holdings in a short period, marking a shift in the behavior of some of the network's largest participants and reflecting increased trading activity in the broader cryptocurrency market.

Data from Santiment shows that whale holdings remained relatively stable for a considerable period before the past week's correction, with balances hovering around 13.73 billion ADA since mid-2025.

Previous reports indicated that whales had transferred over 230 million ADA in separate transactions, exacerbating selling pressure in the Cardano market and raising questions about the short-term positions of large investors. As of March 9, Cardano fell approximately 12.52% to a level of $0.24 before stabilizing. After a short-term rebound, the price recovered slightly, returning to around $0.26, briefly pushing the asset near $0.27. Meanwhile, Bitcoin also experienced similar pressure during the same period as geopolitical tensions in the Middle East led to oil prices rising above $100. This development coincided with Bitcoin falling below $70,000, while ADA fell by approximately 3.08%, after which both assets recovered some of their losses.