**Whales Are Back in Action: 180M ADA Acquired – Is a 4,000% Rally on the Horizon for Cardano?**
The recent accumulation of 180 million ADA by whales indicates a renewed sense of confidence in the market, potentially paving the way for significant price movements. As ADA experiences price rallies, inflows tend to surge, while outflows increase during dips, highlighting the market’s indecision and investor sentiment. Recently, whale activity in the Cardano (ADA) market has ramped up, with large investors snapping up over 180 million ADA tokens in just a week. This buying spree comes on the heels of a 2.73% drop in ADA’s price, which now sits at $0.7195. The uptick in whale activity has sparked curiosity about whether ADA might be gearing up for another impressive rally, reminiscent of its previous 4,000% surge.
Data from Santiment reveals that wallets holding between 1 million and 10 million ADA have been increasing their holdings. Over the past week, these whales have collectively added 180 million ADA to their portfolios, demonstrating renewed confidence despite the recent price dip. Typically, when whales accumulate, it can lead to price stabilization and, in some cases, even price increases as the circulating supply of ADA diminishes.
Whales bought over 180 million #Cardano $ADA in the past week! pic.twitter.com/H5blOnqL5w — Ali (@ali_charts) March 10, 2025
This surge in whale activity aligns with heightened market volatility. ADA’s price has seen fluctuations in early 2025, dipping below $0.70 before bouncing back to $0.7195 on March 11. The trading volume has also increased by 16.31% over the past day, indicating a growing interest from investors, even as the price remains under pressure. Source: CoinMarketCap.
The volume-to-market-cap ratio currently stands at 8.12%, illustrating that while trading volume has risen, it still remains relatively small compared to ADA’s overall market capitalization. This suggests that the market is still responding cautiously to price changes.
**Inflows and Outflows: Understanding Market Sentiment**
The data on inflows and outflows offers valuable insights into market sentiment and investor behavior. As ADA’s price fluctuated, capital inflows surged during price rallies. The green bars on the chart indicate increased inflows, reflecting a rise in investor confidence as prices began to climb. Conversely, when prices fell, outflows spiked, as shown by the red bars, indicating a rush to exit the market as sentiment turned sour. Source: Coinglass.
This pattern of inflows and outflows, observed between November and December 2024, highlights the market’s reactive nature. Inflows typically rise when prices increase, while outflows tend to spike during price drops, signaling a sense of indecision among investors.
**Support and Resistance Levels: What’s Next for ADA?**
Market analysts are keeping a close eye on key support and resistance levels to predict ADA’s future price movements. Despite the significant accumulation by whales, retail traders remain cautious, as historical data suggests that whale activity doesn’t always lead to immediate price surges. However, past trends indicate that ADA could be gearing up for another breakout if support levels hold steady. Crypto analysts are optimistic about the potential for ADA’s next move.
