Cardano whales sell over 110 million ADA in five days as price falls toward $0.228
Cardano whales sold over 110 million ADA in five days while the token dropped to approximately $0.234 weekly and $0.228 daily, with daily active addresses declining 41.36%.
Why it matters
The whale selling and declining network participation signal weakening investor confidence in Cardano, while the Cardano Card discontinuation removes a fiat on-ramp. The conflicting weekly decline figures (15.70% vs 9.79%) create uncertainty about the true scale of the pullback.
Where the sources disagree
weekly price decline percentage
15.70% decline to approximately $0.234
Crypto.News
9.79% decline to $0.2276 from $0.2522 weekly open
Crypto.News
Article 268031 reports a 15.70% seven-day decline to approximately $0.234, while article 284275 reports a 9.79% weekly decline to $0.2276 from a weekly open of $0.2522
Key facts
Large Cardano holders sold more than 110 million ADA over five days according to analyst Ali Martinez citing Santiment data
110,000,000 ADAReported by Crypto.News
Daily active addresses declined 41.36% from 27,248 to 15,977 according to Santiment figures
41.36 %Reported by Crypto.News
Cardano processed 1,780,896 transactions during Epoch 660, surpassing its previous five-day transaction record from 2021
1,780,896 countReported by Crypto.News
Cardano Card will discontinue services on October 31 following changes to Wirex's custodial infrastructure
Reported by Crypto.News
ADA traded at $0.2278 on October 14, below the session opening price of $0.2360, with a daily high of $0.2391 and low of $0.2266
0.228 USDReported by Crypto.News
Weekly decline measured at 9.79% with ADA at $0.2276 against a weekly opening price of $0.2522
9.79 %Disputed figureReported by Crypto.News
What happened
Analyst Ali Martinez reported that large Cardano holders sold more than 110 million ADA over a five-day period, citing Santiment data, while the token traded near $0.234 after a seven-day decline. Daily active addresses fell 41.36% from 27,248 to 15,977 according to the same data. A separate analysis by Giannis Andreou on October 14 showed ADA at $0.2278, below its daily open of $0.2360, with a weekly decline of 9.79% to $0.2276 from a weekly open of $0.2522. Andreou identified a conditional recovery path if ADA holds the $0.22–$0.24 demand zone, with a breakout test at $0.2910. CoinGlass data showed liquidation concentrations near $0.24, $0.247, and $0.26. Cardano Card services will discontinue on October 31 following Wirex custodial changes.
How the story developed
- First report
First report by The Crypto Basic
Cardano Launchpad on Solana Records 129,500 ADA in Trading Activity, Rewards Users With 4,000+ ADA
- Independent corroboration
Independently corroborated by Crypto.News
110,000,000 ADA sold by Cardano whales: Is a bigger drop coming?
- Update
Analyst Ali Martinez reports whale selling of over 110 million ADA
Santiment data shows large holders reduced combined holdings by more than 110 million tokens over five days
- Official statement
Cardano Card announces service discontinuation
Services will end October 31 following Wirex custodial infrastructure changes
- Update
Analyst Giannis Andreou maps conditional recovery scenario
Identifies $0.22–$0.24 demand zone as key, with $0.2910 breakout test if recovery occurs through $0.26–$0.28
- Update
ADA tests daily low of $0.2266 and weekly low of $0.2242
Price approaches lower boundary of ascending channel drawn from June and July lows
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 13 Oct 2026, 10:26 UTC: The Crypto Basic — 1 independent source, 1 reports
- 13 Oct 2026, 12:03 UTC: Crypto.News — 2 independent sources, 2 reports
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| The Crypto Basic Crypto media | Cardano Launchpad on Solana Records 129,500 ADA in Trading Activity, Rewards Users With 4,000+ ADA | Original | |
| Crypto.News Crypto media | 110,000,000 ADA sold by Cardano whales: Is a bigger drop coming? | Independent | |
| Crypto.News Crypto media | Cardano price falls below $0.23 as analyst maps a conditional 105% rise | Independent |
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