ADA Falls After Data Shows Whales Offloaded Over $100 Million Worth of Cardano

Cardano’s ADA Slips Below $0.61 as $100M Whale Sell-Off Sparks Breakdown

Cardano’s ADA extended losses on Thursday, falling over 6% in the past 24 hours from $0.642 to $0.605, after on-chain data revealed that large holders offloaded roughly $100 million worth of tokens.

The sell-off forced a break below the key $0.61 support level — a critical technical threshold for traders — with trading volumes surging 42% above the weekly average. According to on-chain reports shared on X, wallets holding between 100 million and 1 billion ADA were behind the move, distributing tokens over several days.

Analysts said the timing of the liquidation, occurring near the upper end of ADA’s months-long consolidation pattern around $0.70, points to deliberate profit-taking rather than panic selling. Still, the breakdown could push ADA toward $0.55 if the token fails to reclaim the $0.60 zone, according to CoinDesk Research’s technical model.

As of press time, ADA was trading just below $0.60, underperforming the broader CoinDesk 20 Index, which slipped about 5% on the day. Despite the decline, Cardano remains the 10th-largest cryptocurrency by market capitalization, at roughly $22.5 billion.

Momentum indicators show mixed signals. The Relative Strength Index (RSI) has fallen near 40, suggesting weakness but also a potential setup for a short-term rebound. Meanwhile, the MACD is hinting at a bullish crossover — typically a sign of shifting momentum — though the move remains unconfirmed until price action follows through.

For now, traders are watching whether ADA can hold above the $0.60 threshold, which could determine whether the latest whale-driven pullback turns into a deeper correction or a base for recovery.