TL;DR
- Cardano‘s big fish are tossing ADA overboard like it’s yesterday’s fish and chips! 🐟
- Prices are wobbling more than a jelly on a rollercoaster, thanks to some cheeky proposals from Charles! 🎢
Whales Sell
CryptoPotato squeaked out a tale at the start of the week, revealing that our hefty ADA holders—those with pockets so deep they could hide a small country—were gobbling up 120 million ADA in just 48 hours! 🤑
But hold your horses! Just when you thought they were in it for the long haul, they flipped the script! The ever-so-wise analyst Ali Martinez chirped that these colossal creatures have dumped over 270 million ADA in a mere week. That’s a whopping $170 million worth of ADA flying out the window! 💸
Whales have sold over 270 million #Cardano $ADA in the past week!
— Ali (@ali_charts) June 13, 2025
Such grand sell-offs send shockwaves through the market, making smaller investors jump ship like it’s a sinking Titanic! 🚢 ADA’s price took a nosedive from $0.71 to a pitiful $0.62 before it managed to claw back to a meager $0.636.
Some so-called experts are warning that ADA could plummet to around $0.5 if it doesn’t shake off a pesky head and shoulders pattern that’s been haunting it like a ghost! 👻
While the obvious culprit for this price plunge might be the geopolitical circus between Iran, Israel, and the US, there’s a sneaky suspicion that something fishy is brewing closer to home.
ADA for BTC?
Enter Charles Hoskinson, the mastermind behind Cardano, who proposed a rather cheeky idea: let’s swap $100 million worth of ADA for BTC and stablecoins to jazz up the network’s DeFi capabilities! 🎉 The reactions? A mixed bag of cheers and jeers, with some folks fearing it’ll send ADA’s price spiraling down the drain even faster! 🚽
But fear not! Charles was quick to wave his magic wand, claiming there’s enough demand from the big boys to keep ADA afloat, even with a little divestment. 🪄
“The belief that Cardano DeFi is improving will offset the sale volume of ADA from a modest divestment (and yes, this is modest.)”
This is the madness of trying to do anything with the treasury. People who have never traded large amounts of Ada presume that any trade will result in catastrophic harm to the price, using ChatGPT as the source for their claims.
Markets are social animals, not static…
— Charles Hoskinson (@IOHK_Charles) June 13, 2025
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2025-06-14 10:31