Amid Continued Market Uncertainty, Cardano (ADA) Whales Have Significantly Shifted Their Positions

According to analyst Ali Martinez, more than 200 million ADA – worth approximately $136.7 million – was sold by whale addresses in March.

Amid continued market uncertainty, Cardano whales have shifted their positions significantly over the past month, selling a substantial amount of ADA, according to analyst Ali Martinez.

More than 200 million units of the world’s seventh-largest cryptocurrency were liquidated by whale addresses in March alone, at an estimated value of around $136.7 million.

This selloff has sparked concerns about whether more downside is ahead for the Cardano price.

Chart Shows Whales Dumping ADA Throughout March

In a recent tweet, Ali Martinez provided an overview of the whale activity in March, highlighting that the 200 million ADA liquidated by whales aligns closely with Cardano’s more than 20% decline in the first quarter of 2025.

Whales sold nearly 200 million #Cardano $ADA throughout March, as shown by data from @santimentfeed! pic.twitter.com/mYxm1LdSkI

— Ali (@ali_charts) April 1, 2025

The selloff comes at a time when ADA is struggling to maintain upward momentum, with $0.70 emerging as a key resistance level.

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As the chart shows, Cardano has displayed a well-defined price structure since November, exhibiting a pattern of higher highs followed by abrupt short-term corrections.

After attaining a peak of $1.165 on March 2, ADA has been unable to reclaim higher ground, forming a strong band of resistance around $0.7799.

Technical indicators on the 4-hour chart remain mixed. A moving average cross is beginning to signal a potential dead cross, although it has not fully formed yet.

Despite this, there is still potential for a rebound if the price manages to stay above the current support level, which is marked by level A on the chart.

A successful breakout attempt above the $0.7799 resistance, marked by level 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 strong, its next major price move could take some time to materialize.

In the meantime, some investors are rotating into emerging projects that have 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.

Bitcoin Bull is designed to mirror Bitcoin’s structure, with a fixed supply of 21 billion tokens and a novel deflationary burn mechanism linked to BTC’s price milestones.

Each time Bitcoin reaches a $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.

To invest in $BTCBULL, you can visit the official Bitcoin Bull website and connect your crypto wallet (such as Best Wallet).

$BTCBULL can be purchased using USDT, ETH, or even a bank card, making it simple for anyone to get started.

Crypto’s first-ever meme coin index, Meme Index ($MEMEX), has officially begun its token claim process today and is now live for trading on Uniswap.

Massive Bitcoin ($BTC) buys have flooded the market in Q1 2025, with companies stacking up as BTC seeks to retest $90K.

In a twist that’s catching the crypto world off guard, Cardano founder Charles Hoskinson has opened up about his ties with Ripple execs – and it’s not what most expected.