Cardano Update: Whales Buy 180M ADA as SEC Extends ETF Decision - Blockonomi

TLDR:

• Whales added 180M ADA tokens despite a 6.53% weekly price decline.
• ADA ranks second on CoinMarketCap’s most-voted crypto list.
• SEC delays Cardano ETF decision until October 26, 2025.
• ADA price faces resistance at $0.762, with support holding at $0.7347.

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Large cryptocurrency investors have purchased over 180 million Cardano (ADA) tokens in just one week. The massive accumulation comes as the ADA price faces downward pressure, trading at $0.7516 with a 6.53% weekly decline. 

Market observers note this whale activity often precedes significant price movements in the cryptocurrency space. The buying spree occurs amid growing anticipation for regulatory developments surrounding Cardano’s potential ETF approval. 

Community sentiment remains remarkably bullish, with over 90% of investors expressing a positive outlook for ADA’s prospects.

Whale Activity Drives Market Interest Despite ADA Price Struggles

Ali, a top cryptocurrency analyst, reported the substantial whale accumulation on the social media platform X. 

Whales have bought over 180 million #Cardano $ADA in just the past week! pic.twitter.com/hOmii47pKo

— Ali (@ali_charts) May 29, 2025

The data reveals investors holding between 100 million to 1 billion ADA tokens have significantly increased their positions. This buying pattern historically correlates with major price movements in Cardano markets.

Current Cardano price data shows ADA trading between $0.7316 and $0.8313 over the past week. The token faces immediate resistance at $0.762 and support at $0.7347. Despite the recent 6.53% weekly decline, trading volume remains robust at $617,173,312 over 24 hours.

The ADA price performance lags behind the broader cryptocurrency market, which declined only 1.90% weekly. Smart contract platform cryptocurrencies, Cardano’s direct competitors, dropped merely 0.10% during the same period.

Cardanians, a leading Cardano community platform, highlighted impressive sentiment metrics from CoinMarketCap data. ADA ranks as the second most voted cryptocurrency across the platform’s user base. 

The bullish sentiment reaches 91.9%, placing Cardano fourth among all cryptocurrencies for positive investor outlook. This community confidence contrasts sharply with recent ADA price action. 

Investors appear focused on long-term potential rather than short-term market fluctuations. The disconnect between price performance and sentiment suggests underlying strength in Cardano’s fundamental value proposition.

SEC Extends Cardano ETF Timeline Through October 2025

The Securities and Exchange Commission extended Grayscale’s Cardano ETF review period beyond the May 29, 2025, deadline. The next decision deadline falls on August 27, 2025, marking 180 days from the original filing date. The final deadline occurs on October 26, 2025, representing the absolute maximum 240-day review period.

🇺🇸 Grayscale's Cardano $ADA ETF – Updated Timeline

The SEC has extended the May 29 deadline for a decision.

Here's what could be coming next based on the Securities Exchange Act.

🟢 August 27, 2025 – Next deadline (total of 180 days from official filing)

🔴 October 26, 2025 –… pic.twitter.com/OmDKpvDoSe

— Cardanians (CRDN) (@Cardanians_io) May 29, 2025

Grayscale filed the Cardano ETF proposal on February 10, 2025, seeking to track ADA price through major exchange indices. The proposed structure would allow investors to gain Cardano exposure through traditional brokerage accounts without directly holding ADA tokens.

The SEC’s extension pattern mirrors previous cryptocurrency ETF reviews, suggesting a thorough evaluation of market manipulation concerns and investor protection measures. Most crypto ETF applications utilize the full 240-day review period before receiving final approval or denial decisions.