The post Crypto Whales Are Selling Ethereum for Cardano, Here’s Why appeared first on Coinpedia Fintech News
While Ethereum, the “king of altcoins,” is trading near its yearly high around $3,900, something unexpected is happening behind the scenes. The top 100 Ethereum whale wallets have quietly started selling off their ETH holdings
On the other hand, the top 100 Cardano wallets are doing the exact opposite, loading up on more ADA each day.
Is this a warning for Ethereum holders or a bullish sign for Cardano?
Let’s break it down.
Ethereum Whales Are Selling — But Price Keeps Climbing
Over the last few months, Ethereum’s biggest wallets have been steadily cutting down their ETH holdings. Since May, their share of the total Ethereum supply has dropped from 22% to just 19.6%. That’s a huge reduction, nearly 2.9 million ETH gone from the top 100 wallets.
This kind of move usually means these large players are either taking profit, shifting to other assets, or possibly preparing for volatility.
What’s surprising is that this sell-off happened while ETH broke above $3,800 and continues to show strength. If it clears the $4,000 mark, the price could jump toward $4,050 or even $4,200.
However, if it fails to pass $3,920, we might see a pullback toward the $3,700 support zone.
Cardano’s Whales Are Buying!
In complete contrast, the top 100 Cardano (ADA) addresses have been steadily adding more ADA day by day. This slow and consistent accumulation shows growing confidence from big holders, the type of behavior often seen before a potential price move.
Instead of pulling out like Ethereum whales, ADA whales are taking long-term positions, possibly expecting something big down the road.
As of now, Cardano (ADA) price is trading around $0.83, reflecting a slight drop. However, the area between $0.65–$0.66 is strong support now. Buyers are not letting the price fall below that.
The next possible targets are $1, $1.2, or even $1.4. If the trend stays strong, ADA might even go up to $2.60 in the long run.