What happened?
Large holders sold over 350 million ADA during last week’s dip driven by US‑China trade fears, pushing Cardano to multi‑month lows. After the sell‑off those same wallets quietly bought back about 140 million ADA from the Monday bottom, suggesting they were reloading at cheaper levels. On‑chain data and technicals point to a possible bottom inside a year‑long symmetrical triangle with early signs of a bullish reversal.
Who does this affect?
Whales and big ADA holders are the main actors since their selling and re‑accumulation control short‑term liquidity and price swings. Retail traders and long‑term HODLers watching key support around $0.71 face either a buying chance or further downside depending on whether that level holds. Crypto service providers and wallet projects (like Best Wallet) also benefit as investors pull funds off exchanges into self‑custody and hunt for accumulation tools and early token access.
Why does this matter?
If whales have indeed reloaded and $0.71 holds as support, Cardano could rally strongly—potentially doubling toward ~$1.36 and, with favorable macro and ETF flows, aiming much higher over the cycle—bringing fresh capital into ADA and altcoins. That kind of move would lift market sentiment, increase demand for custody and discovery tools, and draw more tradfi and retail exposure back into crypto. But if support breaks, volatility could spike and delay any sustained recovery, so traders should watch levels closely.