Massive Whale Exodus Hits Cardano – Is a Bigger Dump Coming?
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Amid continued market uncertainty, Cardano whales have shifted their positions significantly over the past month.
According to analyst Ali Martinez, more than 200 million ADA – worth approximately $136.7 million – was sold by whale addresses in March.
This substantial selloff has sparked concerns about whether more downside is ahead for the Cardano.
Whale Activity Raises Red Flags for Cardano’s Price Outlook
In a recent update, Ali Martinez highlighted that the 200 million ADA liquidated by whales aligns with Cardano’s more than 20% decline in the first quarter of 2025.
The selloff comes at a time when ADA is struggling to maintain upward momentum, with $0.70 emerging as a key resistance level.
Source: TradingView
Cardano has displayed a well-defined price structure since November, with a pattern of higher highs followed by abrupt short-term corrections.
After peaking at $1.165 on March 2, ADA has been unable to reclaim higher ground, forming a strong resistance near $0.7799.
Technical indicators remain mixed. A moving average cross is beginning to signal a potential dead cross, but it has not fully formed.
Despite this, there is still potential for a rebound, provided ADA holds above its current support level (marked A).
A successful breakout above the $0.7799 resistance (marked B) could open the path toward retesting the previous local high at $1.165.
However, Cardano’s price continues to be influenced by broader market dynamics, including the impact of President Trump’s recent Liberation Day tariff policy shift.
New Altcoins Gaining Traction as Cardano Momentum Slows
While Cardano’s fundamentals remain intact, its next major price move could take time to materialize.
In the meantime, some investors are rotating into emerging projects with higher near-term upside potential.
One promising option is Bitcoin Bull (BTCBULL), an ERC-20 token in presale that has already raised over $4.36 million.
Source: BTC Bull Token
Bitcoin Bull mirrors Bitcoin’s structure, with a fixed supply of 21 billion tokens and a deflationary burn mechanism tied to BTC’s price milestones.
Each time Bitcoin reaches a new $25,000 increment beyond its all-time high of $125,000, a portion of BTCBULL’s supply will be permanently burned.
This design aims to increase scarcity and drive long-term value for holders.
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