After a quiet start through 2025, Cardano price is finally starting to build on its bullish momentum from the previous year. However, the altcoin appears to have faced a setback, as its value has dropped by around 15% in the past week.
While this decline can be attributed to the uncertainty and drama surrounding Donald Trump’s inauguration, it can also be linked to the movement of major investors over the past week. Here’s how Cardano whales have sold in the past seven days.
Whales sold $180 million worth of ADA tokens last week
In a recent post on Platform X, prominent cryptocurrency expert Ali Martinez said subscriber The amount of Cardano tokens dumped by whales in the last week. This depends on the change in wallet holdings of those who own between 100 million and 1 billion coins.
It is worth noting that addresses with symbols of this size are called whales. These entities are important because other market participants often monitor their movements.
Due to their large holdings, cryptocurrency whales often have a significant influence on the market and prices. Historically, asset prices tend to move in the direction of these large investors (prices rise during whale build-ups and fall during whale sell-offs).
According to Martinez, Cardano whales reduced their holdings last week, offloading more than 180 million ADA tokens in the process. This sale is equivalent to approximately $185 million at the current market price.
While pinpointing the exact rationale behind whales’ recent movement is difficult, it is not unusual for whales to take profits, especially after prices rise. For context, Cardano’s price jumped nearly 30% from $0.9 to $1.15 between January 13 and January 17.
Furthermore, widespread selling by whales could signal a shift in investor sentiment, especially if they expect prices to fall in the future. They may try to make money early to minimize or avoid losses.
Ultimately, whales reducing their holdings often does not bode well for the asset (Cardano, in this case), as it increases supply in the open market. An increase in supply without enough demand to absorb the sell-off can put downward pressure on the price of ADA.
Cardano price at a glance
As of this writing, the value of the ADA token is around $0.97, reflecting a decline of more than 1% over the past 24 hours. According to CoinGecko data, the altcoin has fallen by about 15% in the past seven days.
Featured image from Unsplash, chart from TradingView
