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Cardano (ADA) Price Under Pressure From $170M Whale Sell-Off as RWA Market Explodes 380% | Flash News Detail | Blockchain.News
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7/3/2025 1:30:00 PM

Cardano (ADA) Price Under Pressure From $170M Whale Sell-Off as RWA Market Explodes 380%

Cardano (ADA) Price Under Pressure From $170M Whale Sell-Off as RWA Market Explodes 380%

According to @ItsDave_ADA, the Real-World Asset (RWA) tokenization market has surged 380% in three years to $24 billion, signaling major institutional adoption from firms like BlackRock, as detailed in a report by RedStone, Gauntlet, and RWA.xyz. In contrast, Cardano (ADA) is facing significant headwinds, trading around $0.6229 after whales offloaded approximately 270 million ADA, worth $170 million. Technical analysis indicates a bearish trend for ADA, with key resistance near the $0.642–$0.645 level. However, fundamental developments may provide long-term support, as the Cardano Foundation has launched 'Originate,' a new enterprise solution for product verification, and ADA was recently added to the Nasdaq Crypto Index.

Source

Analysis

The convergence of traditional finance (TradFi) and blockchain technology is rapidly accelerating, with the Real-World Asset (RWA) tokenization market serving as a primary catalyst. According to a comprehensive report co-authored by RedStone, Gauntlet, and RWA.xyz, this sector has experienced a monumental 380% expansion over the last three years, reaching a market size of $24 billion. This growth signifies a pivotal shift from experimental projects to widespread institutional adoption. The report highlights that asset tokenization is no longer a fringe concept but a core strategy for major financial players seeking to leverage blockchain for enhanced efficiency and reduced costs. The potential scale is staggering; while consulting firm BCG projects a $16 trillion market by 2030, Standard Chartered forecasts an even more massive $30 trillion valuation by 2034. This impending capital migration, exemplified by BlackRock's $2.9 billion BUIDL fund, underscores the profound utility institutions are finding in on-chain financial infrastructure.



Cardano (ADA) Navigates Conflicting Market Forces



Amid this bullish macro backdrop for real-world utility, Cardano (ADA) finds itself at a critical juncture, battling significant short-term selling pressure while simultaneously bolstering its long-term fundamentals. As of recent trading sessions, ADA has been navigating turbulent waters. Data from the ADA/USDT pair shows the token trading around $0.5991, marking a daily high of $0.6110 and a low of $0.5664. This volatility is largely attributed to substantial selling from large holders, or 'whales,' who recently offloaded over 270 million ADA, equivalent to approximately $170 million. This immense sell-off has suppressed price action, creating a formidable headwind for the asset. The ADABTC pair also reflects this pressure, trading at 0.00000556 BTC, though it showed a 5.9% gain, suggesting some relative strength or recovery against Bitcoin in the immediate short term.



Counterbalancing the bearish sentiment from whale activity is a significant strategic move by the Cardano Foundation. The recent launch of "Originate," a new enterprise-grade product, is a direct play into the RWA narrative. Originate is a blockchain-based solution designed to verify product authenticity and trace supply chain origins. By enabling companies to digitize and track product data on-chain, it offers a powerful tool against counterfeiting and for streamlining regulatory compliance. This development is crucial as it reinforces Cardano's value proposition beyond decentralized finance (DeFi) and staking, targeting tangible, real-world enterprise use cases. The launch, coupled with ADA's recent inclusion in the Nasdaq Crypto Index, strengthens its institutional profile and could provide a robust foundation for future growth, appealing to investors seeking projects with demonstrable utility.



ADA/USDT Technical Outlook and Key Trading Levels



From a technical standpoint, the price action for Cardano remains challenging. The ADA/USDT chart indicates that the token is struggling to reclaim key levels. Immediate resistance is now found near the daily high of $0.6110, with a more significant psychological and technical barrier at the $0.64 mark, which has previously acted as a pivot point. The sharp dip to the $0.5664 low established a new support level that traders will be watching closely. A break below this level could trigger further downside momentum, potentially targeting the $0.55 psychological support. The trading volume for ADA/USDT was substantial at over 368,000, confirming the high interest and participation during this volatile period. The broader market context, with Bitcoin (BTC) trading above $109,000 and Ethereum (ETH) near $2,600, provides a mixed environment. While the overall crypto market shows signs of strength, ADA's performance remains heavily influenced by the internal dynamic of whale distribution versus fundamental adoption news. Traders should monitor volume closely for signs of seller exhaustion or a decisive reclaim of the $0.60 level, which could signal a potential short-term trend reversal.

Dave

@ItsDave_ADA

Cardano ecosystem contributor operating the DAVE Stake Pool and serving as a DRep in network governance.

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