NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal

Cardano (ADA) Next In Line For A Rally Following Shark And Whale Buying Spree

Best Owie
Best Owie
2 years ago
3 mins read
Cardano Ada

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cardano (ADA) has not exactly been the best performer in the last month. Instead, the altcoin’s price has continued to stall even during periods of market recovery.

However, this trend could change pretty soon given the current accumulation trend among sharks and whales, something that could take a significant chunk of available supply off the open market and trigger another rally.

Cardano Sharks And Whales Go To Market

In a Tuesday post, the on-chain data aggregator platform Santiment revealed an interesting development concerning the ADA sharks and whales. The sharks and whales in this instance refer to wallets holding at least 100,000 ADA and at most 10 million ADA.

Related Reading

Bitcoin

Crypto Analyst Says Bitcoin Could Reach $180,000 Next Cycle If This Happens

1 year ago

What Santiment has found is that this 100,000-10 million cohort has been consistently adding to their balances. The accumulation first began a little over two months ago on May 21, and since then, they have collectively bought over $116.1 million worth of ADA.

Cardano (ADA)

Sharks and whales accumulate $116.1 million worth of ADA | Source: Santiment on X

This buying spree also saw their trading volume rise significantly during this time as well. As the on-chain tracker revealed, the sharks and whales saw their cumulative volume cross 67 billion ADA toward the end of July.

As a result of their consistent buying, sharks and whales now account for 34.4% of the total circulating ADA supply. The last time that their holdings were this high was back in 2022, before the FTX collapse. Additionally, their cumulative trading volume is now sitting at its highest level since September 2021.

Will ADA Respond Positively?

In the last two months in which the Cardano sharks and whales have been active, ADA has seen some encouraging price action. In July, its price jumped from below $0.3 to a local high of $0.37. But ultimately, the altcoin corrected back downward, losing a little over 20% of its value.

Since then, the digital asset has continuously struggled to maintain $0.29, with bears having more good days compared to bulls. However, there could be a change in the horizon given that investor sentiment seems to have skewed in favor of buying instead of selling.

Related Reading

Litecoin

Litecoin Hashrate Taps New All-Time High, Will LTC Price Follow Suit?

2 years ago

What this means is that the mounting buying pressure could quickly see the price of ADA recover as demand grows. So it may not be long before ADA is retesting the $0.35 resistance again. And if this rally happens to coincide with a recovery in the price of Bitcoin (BTC), then it could beat its recent local peak of $0.37 and rally above $0.4.

For this to happen, though, the bulls would have to maintain control and the 6% jump in the altcoin’s daily trading volume in the last day could be evidence of this.

At the time of writing, ADA is trailing at $0.2991, up 2.93% on the daily chart. However, the asset is seeing 2.33% losses on the weekly chart.

Cardano (ADA) price chart from Tradingview.com

Cardano bulls continue to struggle to raise price | Source ADAUSD on Tradingview.com
Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from iStock, chart from TradingView.com
Tweet123Share196ShareSend
Best Owie
Best Owie

Best Owie

Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality.

Read more

Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best’s publications, which are always clear and concise, enabling easy reading and understanding for all.

Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best’s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community.

Best’s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information.

Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity.

When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world’s most quiet and well-behaved Husky. Best’s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well.

As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers.

Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best’s prolific career in the media industry is a testament of how hard work and dedication pays.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

cardano ada adausd

Cardano Price To Hit $7.82 This Bull Run — Analyst Says It’s ‘On Track To Meet Targets’

The Cardano price is showing signs of strength, with one analyst suggesting it may be preparing for a rally to...

Sandra White 1 week ago
ada-cardano-50-millions-rattrape-eth-sol

ADA : Cardano veut rattraper ETH et SOL grâce à 50 M$

Cardano met 50 Millions ADA sur la table pour gonfler la liquidité des stablecoins et relancer la DeFi ainsi que...

evanss 1 week ago
cardano ada adausd

Can Cardano Slip Below $0.30? ETF Speculation and Analyst Warnings Cloud ADA Outlook

Cardano (ADA) is trading around $0.78–$0.80, struggling beneath a strong resistance at $0.83–$0.85, where the 50/100/200-day EMAs converge. Prediction markets...

James Halver 2 weeks ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Cardano 1M Transacties - $1 ADA Doorbraak Naar Explosie

Cardano bereikt 1M transacties – $1 ADA koers doorbraak na mega explosie

Lars Diederiksen 18 hours ago
Cardano schiet 10% omhoog na crypto crash - ADA koers verwachting Q4 2025

Cardano schiet 10% omhoog na crypto crash – ADA koers verwachting Q4 2025

Lars Diederiksen 1 day ago
cardano ada adausd

Cardano (ADA) Price Eyes $0.94 as Coinbase Boosts Holdings 462% and Q4 Rally Hype Grows

James Halver 6 days ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の価格予測:クジラの買い集めで1ドル目標が再び注目される

    ドージコイン...

    13 hours ago
  • リップル 今後:SEC申請が示すETF承認間近の兆し、XRPが1,000ドルを目指す瞬間か

    リップル...

    13 hours ago
  • 仮想通貨プレセール最終週:新興トークンが上場前に100倍高騰の予測

    ...

    13 hours ago
  • 新しい仮想通貨が350万ドルを調達、専門家が「2025年最高のプレセール」と評価

    ...

    14 hours ago
  • 新しい仮想通貨が急上昇:トランプ・トークンが注目され、次世代ミームプロジェクトが4百万ドル目前

    ...

    14 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.