Cardano holders have faced a turbulent few days as large investors offloaded massive amounts of ADA. According to Ali Martinez, whales sold nearly 100 million ADA within just three days, creating noticeable selling pressure in the market. The cryptocurrency now hovers below the $0.70 mark, struggling to overcome its current resistance level.
The wave of selling has stirred short-term uncertainty among retail investors. However, Cardano’s fundamentals remain firm, supported by strong development activity and increasing total value locked across its DeFi ecosystem. These indicators show that while prices fluctuate, network growth continues steadily behind the scenes.
At the same time, the broader crypto market is showing weakness. Bitcoin trades near $110,925 after a slight dip, while Ethereum remains around $3,930. Despite the broader slump, sentiment within the Cardano community has not turned bearish, as optimism builds around potential catalysts.
100 million Cardano $ADA sold by whales in 72 hours! pic.twitter.com/2VXsZnx90m
— Ali (@ali_charts) October 29, 2025
ETF Speculation Ignites Optimism Among Cardano Investors
Ali Martinez noted that Cardano may be preparing for a significant rebound. He explained that a confirmed break above $0.80 could open the path toward $1.70, signaling strong upside momentum. Many traders are now monitoring that level closely as a possible trigger for the next rally.
Meanwhile, attention is focused on the potential Grayscale Cardano ETF. The fund recently reached its SEC decision deadline without an announcement, fueling speculation that it could launch soon. Such a move would allow institutional investors to gain regulated exposure to ADA, potentially driving fresh inflows into the market.
Experts believe the ETF could play a crucial role in ADA’s price recovery. Grayscale’s recent filings show that Cardano meets the SEC’s rule 19b-4 listing standards, meaning the ETF could list without direct approval. Consequently, even moderate institutional demand could lift Cardano’s market cap and price in the near term.
Solana Whale Transfer Sparks Market Attention
An on-chain alert from Whale Alert showed 1,097,555 SOL tokens moving from a verified Coinbase Institutional wallet to a new address. The large transaction fueled speculation about institutional investors expanding their Solana exposure.
Analysts noted the timing aligned with Bitwise confirming $69.5 million in first-day inflows for its spot Solana ETF ($BSOL), nearly 480% higher than $SSK’s debut, reflecting strong institutional interest in Solana.
Hence, while Cardano faces temporary selling pressure, the broader altcoin market remains dynamic. Both ADA and SOL continue to attract significant institutional attention, suggesting that investor interest in major blockchain ecosystems is far from fading.