ETH Or ADA? Whales Are Taking Opposite Directions

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.

The slow turn of the giants: Ethereum declines, Cardano attracts

The Ethereum news: since May, the 100 largest wallets have lost 2.9 million ETH. This figure is not insignificant. It represents a drop from 22% to 19.6% of the supply held by these giant addresses. Alphractal CEO, Joao Wedson, commented on these flows: “The 100 largest Ethereum addresses are continuously reducing their holdings. This could be a strategic repositioning.”

According to some analysts, this disengagement would be related to a saturation of Layer 2 solutions or the token’s moderate performance, despite a price 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. According to on-chain data, 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 Wedson

That’s not all. Grayscale 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, RSI rising.

The current ADA price hovers around $0.82 after a 38% jump in July. Some talk about a possible return to $1.10, or even $2.97 if a confirmed altseason occurs. In short, ADA seems ready for a second wind, supported by technical signals and institutions. But the reality might be more complex…

The altcoin race: Ethereum weakened, ADA coveted, Remittix lurking

In this turbulent context, other projects attract attention, like Remittix. This Ethereum-based token is talked about for its concrete utility: converting cryptos into fiat worldwide, with reduced fees. Whales are interested, and $17 million has already been raised.

As for Solana, after a rise from $131 to $148, market giants see a technical rebound toward $196… or a fallback to $172 if it fails. The current hype shows that whales watch everything, without loyalty to any single project.

What whale numbers reveal to us:

• 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. Hoskinson, a founding figure, threatens legal action. The storm is brewing: what if the sacred union was just an illusion?