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.
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.
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.
Top ETH wallets are reducing holdings, possibly to take profit or prepare for market volatility.
Yes, ETH remains strong near $3,900 and could rally if it breaks above $4,000.
If ETH breaks $4,000, it may climb to $4,050 or $4,200; below $3,920, it may drop to $3,700.
ADA could hit $1.4 short term and possibly reach $2.60 with strong trend continuation.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
India has stepped up its oversight of the cryptocurrency sector, directing exchanges to restrict transactions…
Grayscale Investments has moved forward with plans to expand its altcoin product lineup by filing…
Bitcoin is hovering near a crucial technical level, raising the risk of a deeper pullback…
Speculation is growing in parts of the crypto community that the price of Ripple’s XRP…
The CRO price has recently entered a critical decisive phase as bullish on-chain metrics and…
Crypto markets are consolidating as traders appear uncertain about the latest rebound. The XRP’s price…
