Ah, Cardano (ADA), the darling of crypto enthusiasts and, quite possibly, the most *spitefully* traded asset in recent weeks. In the past 14 days, Cardano whales – those majestically plump investors – have been at it again, engaging in a rather curious act of profit-taking. Indeed, as noted by the ever-watchful Ali Martinez, a rather eye-popping 140 million ADA has been sold during this brief period. My, what a spectacle! π
Cardano Holds On to $0.88-Despite the Whale Frenzy
Let us not be fooled, dear reader. The great whales are fleeing, clutching their precious profits after Cardano graced the $0.80 zone. It seems these behemoths of the sea have come to the conclusion that the price has soared high enough for them to *book their profits*-perhaps before they reach the unfortunate realization that *maybe*, just *maybe*, they sold too soon? One must never be too cautious when you have the potential to regret everything. π·
Whales are booking profits, selling over 140 million Cardano $ADA in the last two weeks!
– Ali (@ali_charts) September 11, 2025
Ah yes, a substantial sell-off indeed, and yet, the market does what it always does-continue to chug along. A 140 million ADA dumping spree could send a ripple through the price chart, causing some ruffled feathers amongst investors who, quite understandably, are more sensitive than a cat in a bath.
As of the latest update, Cardano’s price is still clinging to a 1.06% increase, trading at a valiant $0.8844. Its peak flirted with a higher number, $0.8941, before the volatility set in-like a first date gone awry. Still, ADA remains, holding its ground above $0.8840, displaying a Relative Strength Index (RSI) that might be giving bullish signals. A kind of hopeful ‘maybe this will work out’ vibe, if you will. π
But wait! There’s more. The volume has dipped, predictably, as caution envelops the market like an all-too-necessary cup of chamomile tea. Trading volume has dropped by a modest 6.76% to $1.23 billion. Perhaps the investors are *holding their breath*-a little cautious, a little unsure, much like the person who doesn’t dare make a move in a game of Monopoly until the very last minute. π¬
The Community Sees $1 on the Horizon
Not all is doom and gloom, though. No, indeed, there are still the optimistic souls among us-the retail traders, the ones who *believe*. A recent poll revealed that a staggering 88.4% of Cardano’s community is feeling quite bullish, and their collective gaze is firmly fixed on $1. Oh, the audacity! To dream such a dream. π
This might very well propel Cardano into uncharted territory-overtaking Tron in market cap, perhaps? It’s all part of the plan, it seems, as capital begins to flow from Bitcoin to the altcoins. As always, the masses are watching with bated breath, and the stage is set for Cardano to either take the crown or-well, at least take a nap on the sidelines while everyone else rushes ahead. π°
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2025-09-11 15:55