Did Cardano Whales Liquidate Holdings Following Donald Trump’s Crypto Reserve Announcement?

Cardano whales reportedly sold their ADA holdings shortly after Donald Trump disclosed the U.S. initiative to establish a cryptocurrency reserve. Present prices of ADA remain steady but have dipped from the highs reached last week.

What Happened?

It appears that when Cardano (ADA) prices surged on Sunday due to Trump’s endorsement, whales took advantage of the spike to offload their tokens. This sell-off happened just as bullish momentum was building, affecting prices negatively after March 3.

According to Santiment, a blockchain analytics service, large transactions of ADA, particularly from addresses holding over $100,000, surged to a three-month high on March 2.

🐳 “Cardano’s brief, major breakout to $1.13 coincided with the highest whale activity we’ve seen in over three months. The increase in $100K+ transfers indicated a movement of tokens back into circulation.”

— Santiment (@santimentfeed) March 4, 2025

Current Market Trends

While ADA prices are bullish, analysts speculate whether the whales are preparing to re-enter the market at lower prices or if they foresee prolonged losses ahead. The current situation reflects the uncertainty among large holders, who typically have the capacity to sway market direction.

ADA’s Future Outlook

A robust price ceiling for ADA is set at $1.35, and the potential to build momentum continues to exist if market conditions stabilize. The situation shall be closely monitored, particularly the reaction from whales, who are a critical force in the crypto landscape.

Technical Chart (ADAUSDT)

Conclusion

With the U.S. crypto reserve plans and market reactions, it’s pivotal to keep an eye on the activities of whales and broader market dynamics influencing ADA and other cryptocurrencies.