July 28, 2025
5 min read
Mikaia ANDRIAMAHAZOARIMANANA
Ethereum whales are shedding millions of ETH while Cardano whales accumulate ADA, signaling shifting confidence in the crypto market.
They never swim without a reason. In the crypto ocean, whales draw patterns that must be learned to read. Right now, they are muddying the waters. While altcoins hope to shine, some are abandoning Ethereum, others are rushing toward Cardano. This contrast is stirring confusion among investors. What are they looking for? And what do these movements mean? A dive into a game of chess where each token is worth millions.
In brief
- Ethereum loses 2.9 million ETH from the largest wallets, a significant decline.
- Cardano accumulates 120 million ADA from whales, reflecting unexpected and growing confidence.
- Grayscale supports Cardano, placing it third in its current Smart Contract Platform Fund.
- Remittix intrigues with its practical utility and attracts capital and attention in the current crypto universe.
- 137 ADA transactions over 1 million dollars recently conducted;
- 2.9 million ETH withdrawn from the 100 largest addresses since May;
- ADA reaches $0.82 with a 38% jump in July;
- Grayscale dedicates nearly 19% of its Smart Contracts fund to Cardano;
- $17 million raised by Remittix, an emerging project focused on global payments. Within the Cardano community, despite apparent euphoria, a deep unease shakes its members. Some whales cry betrayal, denounce excessive centralization, and reject the IOG governance. Charles Hoskinson, a founding figure, has threatened legal action. The storm is brewing: what if the sacred union was just an illusion?
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The slow turn of the giants: Ethereum declines, Cardano attracts
Since May, the 100 largest Ethereum wallets have lost 2.9 million ETH. This represents a drop from 22% to 19.6% of the supply held by these giant addresses. Joao Wedson, CEO of Alphractal, commented: "The 100 largest Ethereum addresses are continuously reducing their holdings. This could be a strategic repositioning." Some analysts suggest this disengagement is related to a saturation of Layer 2 solutions or Ethereum's moderate price performance, despite trading around $3,740. Others believe it is a waiting game in anticipation of a new rise. Meanwhile, these massive outflows attract attention and sow doubt. Is it just a breather or a subtle warning?Cardano, the quiet accumulation that causes talk
While Ethereum whales lighten their holdings, Cardano whales are swallowing ADA by hundreds of millions. On-chain data shows more than 120 million ADA have been accumulated over the past two weeks."The 100 largest ADA addresses accumulate daily, a sign of confidence and anticipation."
— Joao WedsonGrayscale has allocated 18.57% of its Smart Contract Fund to Cardano, making ADA its third favorite crypto asset. Technical indicators have turned green: surpassing the 200-day moving average, breaking out of a 9-month wedge, and RSI rising. The current ADA price hovers around $0.82 after a 38% jump in July. Some speculate a possible return to $1.10, or even $2.97 if a confirmed altseason occurs. ADA seems ready for a second wind, supported by technical signals and institutional interest. But the reality might be more complex.