September 7th• 3 min read
Cardano Whales Dump 50M ADA Tokens in 48 Hours
Major whale selling activity has pushed Cardano's price toward critical $0.80 support levels as large investors offload significant holdings in coordinated fashion.
Key takeaways
🐋 Massive Sell-Off: Cardano whales dumped 50 million ADA tokens worth approximately $40 million in just 48 hours.
📉 Price Impact: ADA dropped to $0.8165, testing critical support levels around $0.80-$0.82.
⚠️ Volume Decline: Daily trading volume fell 4.85% as selling pressure mounted.
🎯 Key Levels: Analysts eye $0.74-$0.80 as potential accumulation zone before any recovery.
📊 Mixed Signals: Despite whale selling, some large investors continue accumulating, suggesting divided sentiment among institutional players.
Deep dive
The coordinated whale selling represents one of the most significant ADA liquidation events in recent months, with crypto analyst Ali Martinez documenting the rapid disposal of 50 million tokens.
This selling pressure coincided with ADA's retreat from recent highs around $0.93, pushing the cryptocurrency toward its critical support zone.
While the immediate impact has been bearish, creating downward price momentum and reduced trading volume, some analysts view this as a potential accumulation opportunity.
The $0.80 level has historically served as strong support for ADA, and its ability to hold this level could determine whether the current weakness represents a temporary correction or the beginning of a deeper decline.
Market participants are closely watching for signs of stabilization or further breakdown below this key technical threshold.
Polaris insights AI-generated
Disclaimer: This article may contain content generated or assisted by AI, based on information from public sources. While we aim for accuracy, no content should be taken as financial or trading advice. Always do your own research and consult a professional before making investment decisions. Markets are volatile and involve risk.
