Cardano Whales Stack $157M ADA Amid 75% ETF Approval Odds
Cardano whales have accumulated 200 million ADA tokens, worth $157 million, over the past 48 hours, lifting their holdings to 10.3% of the circulating supply. The Cardano whale accumulation mirrors 2021 patterns that preceded a parabolic rally. Polymarket data shows spot ADA ETF approval odds have climbed from 60% to 75%, potentially unlocking institutional capital flows. On-chain metrics and technical analysis highlight key resistance at $0.82–$0.83, with upside targets at $0.93 and $1.00, while support holds at $0.70, backed by rising weekly lows and $1.44 billion in open ADA derivatives interest. Together, the surge in Cardano whale accumulation, reduced supply, rising ETF approval odds, and bullish technical indicators point to bullish momentum for ADA. Traders should watch whale wallets, ETF updates, and resistance breaches to gauge potential price rallies or retracements to support levels.
Bullish
Massive ADA whale accumulation of 200 million tokens tightens circulating supply and echoes bullish 2021 accumulation patterns. Rising spot ADA ETF approval odds to 75% signal potential institutional inflows, often a catalyst for sustained price gains. Technical analysis shows clear resistance at $0.82–$0.83, with upside targets at $0.93 and $1.00, while a firm support floor at $0.70 limits downside risk. In the short term, this convergence of on-chain whale buying and positive ETF developments should drive bullish sentiment. Over the long term, reduced supply, ETF-backed demand prospects, and robust open interest trends provide a foundation for continued ADA price appreciation.