Cardano Whales Are Cashing Out: Why ADA Millionaires Are Selling Now
TL;DR
- Wallets holding between 1 million and 10 million ADA fell from 2,370 to 2,340 in nine days as large holders took profits.
- ADA slipped from above $0.202 to $0.188 while exchange supply increased, the MVRV ratio formed a death cross and TD Sequential flashed a sell signal.
- Buyers now face a key test at $0.170, with a deeper breakdown potentially exposing the lower support range near $0.144.
Cardano’s largest holders are pulling back after ADA’s recent local rally, with wallets holding between 1 million and 10 million tokens declining from 2,370 to 2,340 in only nine days. Blockchain analyst Ali Martinez interpreted the drop as evidence that whales were taking profits near the peak, leaving the market with less support from large capital. The timing is difficult to ignore because the selloff arrived just as ADA failed to sustain its local high. The token slipped from above $0.202 to $0.188 as pressure from major holders intensified.
2/6 Since August 2, the number of whales holding between 1 million and 10 million $ADA has fallen from 2,370 to 2,340.
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