Whales Unload 50 Million ADA Could Weigh on Cardano as Grayscale Files for Possible ETF

  • Whales sold 50,000,000 ADA, wallets holding 1M–10M ADA each.

  • ADA price dipped from $0.84 to $0.80, then recovered ~3.5% in 24 hours.

  • Grayscale filed an S‑1 for a Cardano ETF (GADA), indicating increased institutional interest.

Cardano ETF & ADA whales: Grayscale files GADA as whales dump 50,000,000 ADA — expert analysis, price impact, and next steps. Read now.







Published: 2025-09-05 | Updated: 2025-09-05 | Author: COINOTAG

What happened when whales unloaded 50,000,000 ADA?

ADA whales transferred roughly 50,000,000 ADA from wallets holding between 1,000,000 and 10,000,000 ADA, according to on‑chain charts shared publicly. This concentrated sell pressure coincided with a fall from $0.84 to $0.80 and triggered short-term volatility before a partial rebound.

How did the sell-off affect Cardano price and market structure?

Front-loaded selling pushed ADA below a recent resistance zone near $0.84. Price reacted with a 4.35% intraday decline, then recovered about 3.51% over 24 hours. Short-term order books showed increased sell liquidity near $0.84, which kept upward momentum capped.

How does the Grayscale Cardano ETF filing affect ADA?

Cardano ETF interest grew after Grayscale filed an S‑1 for a Cardano ETF (proposed ticker GADA) to trade on NYSE Arca. Institutional filings typically increase long-term demand narratives, even as on‑chain whale activity can create near-term volatility.

What does the Grayscale filing indicate about institutional demand?

Grayscale’s S‑1 submission, reported by industry journalists, follows the earlier spot Bitcoin and Ethereum ETF approvals that drew institutional capital in 2024. A planned GADA product would formalize another regulated avenue for exposure to ADA on US exchanges.


Frequently Asked Questions

Did on‑chain data confirm whale selling, and who reported it?

On‑chain charts shared by market analysts showed a drop in large ADA wallet balances totaling about 50,000,000 ADA. Analysts and traders reporting the data include public crypto commentators and on‑chain analytics platforms such as Santiment (mentioned as a data source in plain text).

What is the proposed Cardano ETF ticker and exchange?

Grayscale’s filing proposed the ticker GADA, intended to trade on NYSE Arca. The S‑1 filing signals intent but does not guarantee approval or a launch date.

Key Takeaways

  • Concentrated selling: Whales moved ~50,000,000 ADA, contributing to a short-term dip from $0.84 to $0.80.
  • Price resilience: ADA recovered roughly 3.5% within 24 hours, showing buyer interest near lower levels.
  • Institutional signal: Grayscale’s S‑1 for a Cardano ETF (GADA) underscores rising institutional interest in ADA exposure.

Conclusion

Short-term on‑chain selling by large ADA holders created immediate price pressure, while Grayscale’s S‑1 filing for a Cardano ETF (GADA) reinforces a longer-term institutional narrative. Monitor whale flows, order‑book resistance at $0.84, and official filings for the next directional cues. For regular updates follow COINOTAG coverage and on‑chain analytics reports.

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