Whale Drama: Cardano’s 200 Million ADA Meltdown Leaves Investors Gasping! 🎭

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My dear readers, brace yourselves! It appears that in the grand theatre of cryptocurrency, a veritable spectacle has unfolded. Over the past month, the divine Cardano and its native coin, ADA, have quite the tale of tumultuous transactions. 🎩

Cryptocurrency’s very own seer, Ali Martinez, has rolled out a chart from our friends at Santiment that could rival any plot twist in a West End play. It seems that in March, our colossal marine friends, known affectionately as whales, decided to offload nearly 200 million ADA coins. These are not the mere minnows of the crypto pond, mind you, but the grand cetaceans, those wallets boasting between one million and ten million ADA. 🐋

As our wealthy aquatic friends sold off their golden catch, the price of ADA was hanging by a thread, descending from the lofty heights of $0.808 to a rather disappointing $0.637 before staging a petite recovery to a current waltz at $0.673. What a rollercoaster! 🎢

Whales sold nearly 200 million #Cardano $ADA throughout March, as shown by data from @santimentfeed!

— Ali (@ali_charts) April 1, 2025

Oh, what a ruckus this has caused in our delightful community! You should have seen the uproar in the comments section following that tweet—outrage, indignation, and perhaps a hint of existential crisis, all lovingly wrapped in digital sarcasm. 🙄

Cardano’s Monthly Ballet: $63.3 Million Inflows

Meanwhile, in a plot twist worthy of any classic drama, a recent report from the ever-dashing CoinShares shows that our collective crypto sentiment has pirouetted. Almost $200 million has elegantly flowed into Bitcoin-based exchange-traded products, thanks mostly to those flashy spot Bitcoin ETFs. 🌊

And while our noble altcoins didn’t quite steal the spotlight, Cardano managed to snag a paltry $0.6 million last week. This brings our illustrious total to $63.3 million for the month, while the year-to-date total stands at a respectable $70 million. Not too shabby for a weekend matinee! 🎭

Now, I must tell you—XRP has taken center stage, drumming up an impressive $4.8 million just last week, with a phenomenal total of $15 million month-to-date. It’s practically stealing the limelight with a grand total of $957 million held in XRP-based ETPs—what a performance! 💃

Ah, and let us not forget the valiant Solana and Ethereum, who have surged ahead of all the other pretty altcoins, raking in $7.8 million and $15 million in inflows last week, respectively. Bravo! 👏

And as the curtain falls, dear friends, Cardano’s ADA is currently gracing the market at $0.6792 per coin. What a spectacle it has been! 🌟

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2025-04-01 17:08