Peter Smith
Cardano (ADA) is going through a rough patch right now. Large holders have been steadily selling off their positions, and the price keeps sliding lower. What makes this particularly concerning is that it's not just the price falling—whale wallets are actually dumping tokens at the same time. This kind of coordinated weakness between price action and holder behavior usually signals that something bigger is brewing beneath the surface.
Cardano Enters a Critical Phase as Whale Activity Turns Sharply Bearish
Cardano is dealing with serious selling pressure after a fresh wave of whale distribution that lines up perfectly with weakening price action. According to data shared by analyst Ali, wallets holding between 100,000 and 1,000,000 ADA have offloaded more than 4 million tokens over the past week.
When whale balances drop while the price is also falling, it's a clear sign that confidence among large holders is cracking at a really sensitive time for ADA.
Chart Confirms Persistent Declines in Both Price and Whale Holdings
The chart reveals two downward trends happening at exactly the same time. ADA's price has been steadily dropping from late August through early November, sliding from above $0.70 down to around $0.53 by November 5. Meanwhile, whale holdings representing the 100k–1M ADA group have consistently decreased from roughly 5.88 billion ADA to about 5.82 billion ADA.
This alignment between selling and price weakness matters a lot. The sharp drop in whale balances around early October lines up with a sudden fall in ADA's price during that same period. After that point, both the price and whale holdings keep making lower highs and lower lows, showing that bearish sentiment is sticking around. There's been no real attempt at a reversal. Instead, the price keeps failing to bounce back and continues trending downward into early November.
Why Are ADA Whales Selling?
Several things are likely pushing whales to dump their holdings right now. Weak sentiment toward altcoins is a big factor as capital keeps flowing toward Bitcoin and stablecoins while traders brace for economic uncertainty. Cardano hasn't produced any major network upgrades or adoption breakthroughs recently, leaving traders without fresh reasons to stay bullish. Mid-sized whales in particular tend to react quickly when price structure turns negative, often acting as early movers during downturns. On top of that, with ADA unable to reclaim September price levels, whales seem to be cutting their positions to protect against further downside. All of these elements combined help explain why conviction is fading and buy-side support is getting softer.
Key ADA Price Levels to Watch
ADA is hovering right above the $0.52–$0.53 support zone, and a clean break below it could trigger more aggressive selling. If whales keep offloading, the next stop could be the $0.48 region where ADA might find liquidity in the upper $0.40s. On the upside, any recovery attempt will need to push above $0.60, which acted as support before October's decline. Meanwhile, whale holdings themselves are becoming a leading signal. When whales reduce exposure like this, it historically comes before extended periods of weakness. A stabilization or uptick in their balances would be one of the first signs that a potential trend shift might be coming.
Peter Smith
