After a quiet start until 2025, Cardano’s price finally began to build on his upscale momentum from the previous year. However, it seems that the alternative currency has faced a setback, as its value decreased by about 15 % last week.
While this decline can be attributed to the uncertainty and drama surrounding Donald Trump’s inauguration, it can also be linked to the movement of senior investors during the past week. Here’s how to sell Cardano whales in the past seven days.
The whales sold $ 180 million in ADA last week
In a recent publication on the X platform, the prominent cryptocurrency expert Ali Martinez said subscriber The amount of Kardano symbols emptied by the whales last week. This depends on the change in the wallet property of those who own between 100 million and 1 billion coins.
It is worth noting that the titles that carry symbols of this size are called whales. These entities are important because other market participants often monitor their movements.
Due to its great property, the encrypted currency whales often have a great impact on the market and prices. Historically, asset prices tend to move towards these big investors (prices rise during the accumulation of whales and decrease during whale sales).
According to Martinez, Kardano’s whales reduced her property last week, and emptied more than 180 million ADA icons in this process. This sale is equivalent to about $ 185 million at the current market price.
While defining the exact logical basis behind the recent whale movement is difficult, it is not unusual for the whales the profits, especially after the high prices. In the context, the price of Cardano jumped by approximately 30 % from $ 0.9 to $ 1.15 between January 13 and January 17.
Moreover, large -scale sales by whale can indicate a shift in investor morale, especially if they expect prices to decrease in the future. They may try to make money early to reduce or avoid losses.
Ultimately, the reduction of whales of its property often does not preach good for the original (Kardano, in this case), as it increases the supply in the open market. Increasing the offer without enough demand to accommodate sales can exert pressure on the ADA price.
Kardano price at a glance
To this writing, the ADA code value is about $ 0.97, which reflects a decrease of more than 1 % over the past 24 hours. According to Coingecko data, the alternative currency has decreased by 15 % in the past seven days.
Distinctive image from Unsplash, scheme from Tradingvief
The post Behind Cardano 15% Correction: Here’s How Much ADA Whales Sold first appeared on Investorempires.com.