Massive Transfer of 200 Million ADA in Two Days: Are Cardano's Whale Investors Planning Something?
The regulatory review for the first U.S. spot Cardano (ADA) exchange-traded fund (ETF) is nearing a critical juncture, with a high probability of approval in 2025. According to data from Polymarket, the approval odds for the Grayscale ADA ETF currently stand at around 75%.
This optimism is fueled by recent actions from asset manager Grayscale Investments, which filed for the Grayscale Cardano Trust ETF in Delaware on August 12, 2025. This step is often a precursor to a formal ETF application with the U.S. Securities and Exchange Commission (SEC).
If approved, the ETF could significantly increase institutional and regulated investor access to Cardano, mirroring similar positive price movements seen after Bitcoin and Ethereum ETF approvals. Increased inflows from institutional capital via a spot ADA ETF are anticipated to drive ADA’s price higher.
Analyst Ali Martinez recently claimed that ADA's price chart is mirroring the structure of the 2021 bull run, but unfolding more slowly. Martinez argues that ADA might be at the start of an explosive move. Some analysts on Crypto X, however, believe ADA has yet to post substantial gains.
Chris, another analyst, predicts that the valuation of ADA could spike to $2 this cycle. This prediction is supported by Cardano's recent $71 million treasury allocation for core upgrades, such as the Hydra layer-2 scaling solution, which is expected to improve scalability and usability, attracting developer and user interest, and reinforcing ADA’s fundamental value.
On-chain data also show strong community commitment, with over 66% of ADA staked and growing DeFi activity, which could amplify positive price momentum post-ETF approval. The whales' activity, with whales now collectively holding 3.72 billion ADA, representing 10.3% of the asset's circulating supply, suggests a potential price rally might occur.
If demand does not decline, the accumulation of ADA by whales could lead to a rally. JRNY Crypto thinks the $1 target for ADA will be reached soon. The introduction of the Grayscale ADA ETF could allow people to gain exposure to Cardano's native token without purchasing it from exchanges or worrying about self-custody methods.
In summary, the approval of the Grayscale ADA ETF could have a positive effect on the price of ADA in the long term. As the regulatory process reaches a critical decision point, the market eagerly awaits the green light, which is widely expected to positively impact Cardano’s price by unlocking institutional capital and enhancing market confidence, leading to potential multi-fold price growth in 2025.
[1] Grayscale Files for First U.S. Cardano ETF (August 13, 2025). CoinDesk. Retrieved from https://www.coindesk.com/business/2025/08/13/grayscale-files-for-first-us-cardano-etf/
[2] Grayscale Cardano Trust ETF Receives SEC Review (August 17, 2025). The Block. Retrieved from https://www.theblockcrypto.com/linked/114384/grayscale-cardano-trust-etf-receives-sec-review
[3] Cardano's Price Prediction: What Analysts Think About ADA's Future (August 20, 2025). NewsBTC. Retrieved from https://www.newsbtc.com/analysis/2025/08/20/cardanos-price-prediction-what-analysts-think-about-adas-future/
[4] Cardano's Hydra Layer-2 Solution Secures $71 Million in Funding (August 23, 2025). Cointelegraph. Retrieved from https://cointelegraph.com/news/cardanos-hydra-layer-2-solution-secures-71-million-in-funding
Read also:
- Instruction for Determining Your Breakeven Point in Quantitative Terms
- Egypt's President to Touch Down in Delhi Today for Republic Day Celebration, Discussions
- A comprehensive guide to various medical specialists, identifying 31 distinct types of doctors in the medical field.
- U.S. investment talks underway, driven by Cambodia's tariff negotiation team
