130 Million ADA Sold by Cardano Whales in Past Week, Analyst Reports

According to a recent tweet published by crypto analyst and trader Ali Martinez, a staggering amount of $ADA coins have been shuffled over the past seven days. The analyst believes that investors have most likely sold that giant $ADA amount.

He shared a chart by the on-chain data firm Santiment to back his theory.

130 million $ADA on the move as whales react to selling pressure

Martinez has reported a massive drop of 130 million $ADA in whale holdings spotted over the past seven days based on Santiment data. The chart depicts stable $ADA holdings of 13.73 billion from the middle of 2025, with a substantial decline taking place recently. Over the past week, this amount has dropped from 13.65 billion to 13.55 billion $ADA. Martinez reckons that this 130 million $ADA might have been redistributed or, more likely, sold by whales.

However, a commentator accused the analyst of getting paid for promoting Cardano’s $ADA.

Earlier reports show that crypto whales shifted more than 230 million $ADA, increasing the selling pressure on the asset. On March 5, $ADA soared to the $0.28 level. By March 9, $ADA lost 12.52%, falling to $0.24. By now, the coin has recovered to $0.26 after reaching a local peak of $0.27 and then dropping from it rather quickly.

$ADA has been following the Bitcoin price curve, which has recently been impacted by the escalating geopolitical tensions in the Middle East. Now that the oil price has regained $100, Bitcoin has gone down, diving below the $70,000 price level. Bitcoin dropped by more than 2%, with $ADA following suit and going down by 3.08%. Both cryptocurrencies have pared their losses faced over the past 24 hours. Bitcoin is back at $70,000, while $ADA is changing hands at $0.2622. Unlike other altcoins, $ADA remains quite strong, having moved down only to the top 11 spot out of the top 10 cryptocurrencies.

$ADA now accepted by Swiss SPAR supermarkets

As reported by U.Today earlier, $ADA is now one of the cryptocurrencies accepted by a chain of SPAR supermarket in Switzerland. Users can pay in 137 supermarkets with his coin via Open Crypto Pay. There are also direct $ADA-in-wallets-to-check-out options now available.

This move came as a result of the Cardano community calling for an expansion of $ADA use. Before that, another major event took place – the popular USDC stablecoin went live on the Cardano blockchain.