• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Impact of Whale Activity on Cardano (ADA) Price

user avatar

by Giorgi Kostiuk

3 months ago


Recent fluctuations in Cardano's (ADA) exchange rate have attracted market attention as large holders, known as whales, began actively selling their holdings.

Whale Activity and Cardano Price Trends

Recently, the activity of whales holding large volumes of ADA tokens significantly affected the cryptocurrency's value. Starting with a gradual decrease in the number of such holders in December, critical levels were reached on January 7, 2025, when a substantial reduction occurred. This led to a drop in ADA's exchange rate to $0.9146. However, as selling sentiments decreased, the price stabilized within the $0.90 – $0.92 range. Potential changes in large holders' strategies could play a crucial role in the near future.

Market Metrics and Performance

In the last 24 hours, Cardano's price increased to $1, related to an 8% market cap rise to $35.15 billion and a trading volume increase of 13.50%. Contributing factors include a recent partnership with FC Barcelona announced by Cardano Foundation CEO Frederik Gregaard. However, despite the short-term rise, ADA's overall seven-day performance has seen a 4.85% decrease in value.

The partnership with FC Barcelona positively impacted Cardano's price.Frederik Gregaard

Open Interest Decline and Its Impact

The total open interest for Cardano is $565.7 million, with a 10.22% increase observed over the last 24 hours. Perpetual contracts, having grown by 10.28%, contributed significantly. This indicates a rise in speculative activity. Bybit holds the largest share of open interest at $273.35 million. Analysts have an optimistic outlook for Cardano's future due to a series of new developments and the potential ETF approval.

Recent changes in Cardano's price and whale activity underscore the need to carefully analyze market trends and large investors' behavior to forecast further development.

0

Share

Other news

Galaxy Digital Expands in the UK with FCA Approval

Galaxy Digital secures FCA approval to expand operations in the UK, strengthening its position in the digital asset market.

user avatarGiorgi Kostiuk

3 minutes ago

Top Meme Coins of 2025: Just a Chill Guy, Book of Meme, and a Stealth Presale

2025 is set to be a significant year for meme coins like Just a Chill Guy, Book of Meme, and the upcoming Troller Cat presale.

user avatarGiorgi Kostiuk

4 minutes ago

The Potential of MAGACOINFINANCE: Insights and Expectations

MAGACOINFINANCE captures crypto community attention with game-changing potential for 2025.

user avatarGiorgi Kostiuk

14 minutes ago

Binance Confirms FDUSD Security after Temporary De-Pegging

Binance reviews FDUSD reserves amid TRX founder's allegations. Insight into conflict and price stabilization.

user avatarGiorgi Kostiuk

14 minutes ago

Why Peter Schiff Created a Bitcoin Reserve and Accepts Donations

Peter Schiff now accepts Bitcoin donations for a reserve valued under $5,000, sparking discussions.

user avatarGiorgi Kostiuk

23 minutes ago

Superchain Interoperability: A New Era of Blockchain Technology

Superchain addresses blockchain fragmentation, enabling seamless data and asset chain interoperability.

user avatarGiorgi Kostiuk

23 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.