Cardano Whales Drive ADA Accumulation Amid Market Consolidation

• Large whales buy 130 million ADA in three days.
• Coinbase prepares to launch ADA futures.
• SEC extends review of Grayscale’s Cardano ETF.

Over the past few days, Cardano whales have purchased around 130 million ADA tokens, taking advantage of the recent market consolidation. This movement, which totals over $94 million in transactions, was highlighted by analyst Ali Martinez, generating speculation about a possible breakout in the price of ADA.

Whales are cashing out! Over 100 million #Cardano $ ISLANDS sold in the past week. pic.twitter.com/aPhasDy3aD

— Ali (@ali_charts) March 16, 2025

Cardano currently sits at number eight in the global cryptocurrency rankings, with a significant market cap. However, the current price of $0,7154 represents a 3% drop in the last 24 hours, suggesting that the market is in a pause as large investors continue to accumulate.

This increase in purchases comes in parallel with updates from Coinbase, which is preparing to launch ADA futures, pending approval from the Commodity Futures Trading Commission (CFTC). Should this approval be granted, liquidity is expected to increase, attracting both institutional investors and new entrants.

Furthermore, regulatory issues continue to influence market sentiment. Recently, the U.S. Securities and Exchange Commission (SEC) extended the review deadline for Grayscale’s Cardano ETF. Experts see this decision as part of a regulatory cautionary pattern, but do not interpret it as a negative signal. On the contrary, some analysts see this as a long-term opportunity for the ADA market, especially if regulatory compliance can be proven.

While the crypto market is bearish, analysts suggest that if the $0,75 level is breached, the asset could reach a range between $0,90 and $1, confirming a bullish breakout. On the other hand, failure to maintain this momentum could result in another period of consolidation or even further corrections should the price fall closer to $0,62. The market continues to monitor these developments closely as whales bolster their positions and regulatory and institutional discussions shape the investment landscape for ADA.