Cardano Whales Dump $30 Million as Retail Buying Jumps 640%

Cardano price has entered a critical phase after confirming a bearish breakdown. The token has already lost key support and the technical structure points toward deeper downside risk, while large holders continue selling and smaller investors aggressively buy the dip.

The largest whale cohort holding between 100 million and 1 billion ADA reduced holdings from about 2.54 billion ADA on February 19 to 2.42 billion ADA on February 23 — a drop of around 120 million ADA, roughly 30 million. This selling began before the head-and-shoulders breakdown confirmed on February 22, and whales have not started buying back, a refusal to re-accumulate that signals continued caution.

Retail behavior shifted dramatically: exchange outflows rose from around $344,450 on February 21 to $2.55 million on February 23, a 640% increase. Such outflows typically signal buying and holding as investors withdraw coins into private wallets.

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