In the span of a trifling three weeks, a most remarkable occurrence has befallen the realm of Cardano (ADA). A confluence of large holders, or as some might affectionately term them, ‘whales,’ have amassed a staggering quantity of over 210 million tokens, as revealed by the astute analyst Mr. Ali Martinez. This curious activity emerges, rather ironically, amidst a period of price frailty, with ADA having taken a dip of over 7% in the preceding 24 hours, now languishing near the unfortunate sum of $0.36.
During this brief interval, the token has fluctuated between the modest confines of $0.36 and $0.40, whilst its broader range over the past week has oscillated from $0.36 to a mere $0.43. Market pressures, one might say, have intensified, exacerbated by renewed tensions between the European Union and our friends across the Atlantic in the United States, thus adding to the general retreat seen among digital assets.
Whales Amass Their Treasures Amidst Price Tribulations
It is most curious that the accumulation of 210 million ADA by these large wallets occurred whilst prices faltered. One can only surmise that this maneuver reflects a preparation rather than a mere reaction to prevailing conditions. How cunning!
210 million Cardano $ADA bought by whales in the past three weeks!
– Ali Charts (@alicharts) January 17, 2026
Despite the absence of an immediate response in ADA’s price to this buying frenzy, there has been a slight decline in exchange reserves, suggesting a diminishing supply available for immediate commerce. Such a situation implies that even minor surges in demand may yield a more pronounced impact on the price-if only the market were so obliging!
Nevertheless, let us not be lulled into complacency; whale accumulation does not equate to an instantaneous reversal of fortune. It merely lays a foundation that may support future endeavors, contingent upon the validation of volume and momentum, should they choose to grace us with their presence.
At present, ADA finds itself teetering along the lower edge of a symmetrical triangle, as depicted on the weekly chart, trading just above the $0.36 mark-a level that has served as a long-tested bastion of support, extending downwards to $0.28. Should we witness a breach of this level, one cannot help but wonder if the token might be propelled towards the equally unfortunate figure of $0.27.
The 9-week EMA resides at a lofty $0.41, with ADA persistently trading below this threshold, indicative of sellers firmly grasping the reins. For sentiment to undergo a transformation, a reclamation of this level would be requisite before any aspirations could be entertained toward the enticing figure of $0.53. On the momentum front, the weekly RSI hovers at a rather dismal 33, a level often encountered prior to brief recoveries-let us hope all is not lost!
Futures Traders Display a Most Pessimistic Outlook
Recent data procured from Coinglass reveals that the open interest-weighted funding rate for ADA languishes at a rather unfortunate -0.0037%. This rate has flitted between positive and negative in recent weeks, mirroring the uncertain sentiments pervading futures traders. The current trend reflects a decidedly cautious expectation amongst those engaging in derivatives trading.
Negative funding rates such as these typically arise when the majority of traders anticipate further descent-a rather gloomy prediction, indeed! Coupled with prices remaining below resistance and support levels being tested, this adds a rather oppressive weight to the short-term outlook.
In other spheres, the esteemed Cardano Foundation has extended its support for a most intriguing proposal put forth by Draper Dragon and Draper University. This plan encompasses an ambitious $80 million fund aimed at expanding the adoption of Cardano through strategic investments, capital deployment, and education. Returns from this fund would be graciously funneled back into the Cardano treasury-how noble!
Additionally, the illustrious CME Group is poised to introduce ADA futures, with trading anticipated to commence on February 9, contingent upon regulatory approval. This development will undoubtedly position ADA alongside other prominent altcoins within the U.S. derivatives marketplace-one can hardly contain their excitement!
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2026-01-20 01:25