$64 Million in ADA Dumped in Minutes: Who's Selling?
Analysis
Price Impact
HighThe transfer of 150,000,000 ada ($64 million) to binance by whales strongly suggests an intent to sell, creating significant selling pressure on the market.
Trustworthiness
HighThe information is based on on-chain data identified by whale alert, a reputable monitoring firm, indicating verifiable transactions.
Price Direction
BearishLarge inflows of tokens to exchanges typically precede selling, and this substantial amount of ada entering binance is a strong bearish signal for the short term, especially amidst already weakening market sentiment for ada.
Time Effect
ShortThe immediate impact of such a large dump is likely short-term price depreciation. however, the market may stabilize or recover if other factors come into play or selling pressure subsides.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News 150,000,000 ADA return to Binance ADA open interest explodes on Binance Advertisement As the broad cryptocurrency market continues to show mixed price actions, Cardano has also suspended its rally, and it is now trading in the red zone. Amid this negative market trend, whales have also been spotted increasingly dumping off the ADA tokens in what looks like major selling attempts. 150,000,000 ADA return to Binance On Tuesday, Dec. 9, on-chain monitoring firm Whale Alert has identified three massive crypto transfers, involving a combined total of 150,000,000 ADA being moved to the world’s largest cryptocurrency exchange, Binance. HOT Stories Morning Crypto Report: Ripple CTO Says XRP Holdings Are Undervalued, Andrew Tate Declares He's 'Huge on Bitcoin,' Solana Drops Rare XRP Mention Shiba Inu Whale Activity Hits Highest Level Since June Crypto Market Prediction: No Bitcoin, $100,000 Next Time, Is Shiba Inu (SHIB) Wearing Bull Horns Again? XRP Becoming Dominant Crypto Market Bill Stalled Again The large ADA deposits, which have attracted the attention of the crypto community, happened in three separate identical transactions that were carrying 50,000,000 ADA each. Advertisement Notably, the data shows that all three ADA transfers were worth over $64 million, based on ADA’s price at the time of the transfer. While the intent behind the transfers remain uncertain, they are perceived to be major sell attempts, as large amounts of crypto tokens returning to centralized exchanges like this are often traced to high-profile investors or institutions moving to sell their assets. You Might Also Like Sun, 12/07/2025 - 14:02 Cardano Founder Promises 'Good Day' on Monday, ADA Community on Alert By Gamza Khanzadaev At the time of the transaction, Cardano had slid from the positive side of the market into red territory, showing a price decline of 0.86% over the last day. Nonetheless, data from CoinMarketCap shows that ADA is trading at $0.4290 as of press time, after recording an intraday high of $0.44. Thus, as sentiment appears to be shifting amid weakening interests fueled by the recurring price corrections, Cardano whales have sold about $64 million worth of its native tokens in just minutes. ADA open interest explodes on Binance Despite Cardano’s slow price movements, its derivatives markets have remained on the positive side as the assets record a decent increase in its futures open interest volume across all exchanges. Notably, the data showcased by CoinGlass shows that Cardano has seen one of the highest daily surges on Binance . With about $138.86 million registered in its active futures contracts as of press time, ADA’s open interest on Binance has surged massively by over 7%. #Cardano #Cardano Price Prediction #Binance