Crypto analyst and trader Ali Martinez, known for the X social media network under the alias of @Ali_Charts, shares chain data obtained from Cryptoquant about whales selling more than 270 million ADA coins over the past week.
Whale drops 270,000,000+ ADA
The massive sale, carried out by wallets holding ADA between 1,000,000 and 10,000,000,000, was in line with a sharp 14% decline in the face of ADA prices as ADA prices collided between $0.7258 and $0.6231 between June 12th and 13th. Now the price has shown a small rebound and is rising to $0.6421.
The Whales sold over 270 million #cardano $ada last week! pic.twitter.com/skd94mj99j
– Ali (@Ali_Charts) June 13, 2025
ADA, along with the cryptocurrency market as a whole, fell sharply 4.3%, crashing from a price level of $108,325, following Bitcoin, the world’s largest cryptocurrency. At the time of pressing, BTC has changed hands slightly above $105,000.
The sale has skyrocketed from $0.6199 to $0.7268, up 17.26% over the past week as what appears to be a profitable act after ADA prices.
Cardano ETF approval odds skyrocket to 75%
This week, Bloomberg updated the possibility that the Spot Cryptocurrency ETF will be approved this year. Among these ETFs were ETFs based on ADA spot prices. It has risen to 75%.
just:
Bloomberg has released ETF approved renewal odds, including Grayscale’s Cardano $ ada ETF.
According to analysts, there is a 75% chance that Cardano ETF will be approved.
They also emphasize the SEC, which is likely to consider $ada as a product rather than security. pic.twitter.com/9wpbwafvto
– Cardanians (CRDN) (@cardanians_io) June 12, 2025
The odds for LTC and SOL ETFs have increased to 90%, while the odds for DogeCoin and XRP ETFs are now equal to 80%.
What’s more, according to Bloomberg, the ADA and other aforementioned cryptocurrencies are now considered digital goods rather than securities.
