TL;DR
- Whales, those titans of the crypto deep, have devoured 100M ADA in 24 hours, swelling their coffers to a staggering 18.65 billion coins. 🌊🐳
- The inimitable Javon Marks, with his prophetic charts, foresees a 740% ascent to $8, a figure as audacious as it is delightful. 📈✨
- ADA’s futures funding rate, like a fickle socialite, has flipped positive, signaling bullish whims despite a trading volume slump. 💃💸
Whale Accumulation: A Symphony of Greed and Glamour
Ah, Cardano (ADA), that darling of the blockchain ball, is once again the center of attention. Large investors, those grandees of the financial world, have amassed a veritable fortune in tokens. Data from Santiment, as relayed by the ever-observant Ali Martinez, reveals that whale wallets-holding between 1 million and 100 million ADA-have added 100 million coins in the past 24 hours. This orgy of accumulation has pushed their total holdings to a princely 18.65 billion ADA. 🏰💎
100 million Cardano $ADA scooped up by whales in the last 24 hours. – Ali (@ali_charts) August 20, 2025
Meanwhile, ADA’s price, like a debutante at her first soiree, has been flitting between $0.86 and $0.88, retreating from her recent highs near $1. This dip, however, has only whetted the appetite of these financial leviathans, who are positioning themselves at lower levels. History, that fickle mistress, suggests such buying often provides a cushion during market corrections. 🛋️📉
Price Action: A Dance of Corrections and Impulses
At the time of this scribble, ADA was trading at $0.88, a modest 3% rise in 24 hours, yet still 10% down over the week. The recovery at crucial support zones has steadied the token after its recent tumbles. 🩰⚖️
Javon Marks, that astute observer of market rhythms, notes that Cardano’s current price structure mirrors its previous market cycle. Charts, those silent oracles, suggest ADA may be reprising the corrective and impulsive phases that preceded its earlier rally. Marks, with a flourish, predicts a march toward $8-a 740% leap from current levels. A Wilde dream, perhaps, but one worth indulging. 🌟💭
Derivatives Market: A Cabaret of Bullish Whims
In the derivatives market, a cabaret of trader interest unfolds. Coinglass reports that ADA open interest dipped 4% to $1.61 billion, while trading volume slumped 18% to $5.27 billion. Yet, the funding rate, like a coquette, has flipped positive to 0.0072%, with long traders paying shorts. Such shifts, history whispers, often herald price rallies, as seen in early July. 🎭📈
CryptoPotato recently noted that ADA futures volume surged to $7 billion on August 14, the highest since March 2025. This spike suggests a growing fascination with ADA in the derivatives market. A trend, one might say, as inevitable as a Wildean wit at a dinner party. 🥂📊
Beyond whale buying and derivatives, Cardano has also captured institutional fancy. Grayscale’s creation of a Delaware-based trust for ADA has sparked murmurs of a spot ETF. This, coupled with the whims of larger investors, fuels speculation that ADA’s allure may only grow. 🏦💼
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2025-08-21 10:35