Cardano Whales Dey Stack $157M ADA Amid 75% ETF Approval Odds
Cardano whales don gather 200 million ADA tokens worth $157 million inside the past 48 hours, dem holdings don reach 10.3% of the circulating supply. Dis Cardano whale accumulation na like how e be for 2021 wey happen before one big parabolic rally. Polymarket data show say chance for spot ADA ETF approval don rise from 60% to 75%, fit unlock institutional money. On-chain metrics and technical analysis show strong resistance for $0.82–$0.83, wia upside targets be $0.93 and $1.00. Support still dey firm for $0.70, backed by rising weekly lows and $1.44 billion open ADA derivatives interest. All these Cardano whale accumulation, reduced supply, rising ETF approval chances, and bullish technical signals dey point to better momentum for ADA. Traders suppose dey watch whale wallets, ETF updates, and resistance break to sabi if prices go rally or drop to support.
Bullish
Big ADA whale don gather 200 million tokins wey tight the circulating supply and e dey echo the bullish 2021 gathering pattern dem. Di chance say dem go approve spot ADA ETF don rise to 75% wey fit mean say institutional people go put money inside, dem dey often be the trigger for price to dey go up long time. Technical analysis show clear resistance for $0.82–$0.83 with targets up for $0.93 and $1.00, while strong support floor for $0.70 dey limit how far price fit fall. For short term, this join of on-chain whale buying and better ETF tins go make people dey optimistic. For long term, less supply, demand chances wey ETF support and good open interest trend go make ADA price fit continue to rise.