Cardano ADA Nears $0.32 Support as Whale Wallets Exit
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 01 2026- Whale Exit: Wallets holding between 100 million and 1 billion ADA have decreased from 15.3% to 7.5% of the supply, indicating a significant loss of confidence among large holders, which may hinder price support during market stress.
- Weak Network Activity: Analysts noted that Cardano handled only about 0.4 transactions per second at the end of 2025, with some months failing to reach one transaction per second, raising doubts about its potential for global adoption and fueling 'ghost chain' claims.
- Critical Price Support: ADA is currently hovering around the $0.32 support level, and a drop below this threshold could lead to a decline to $0.16, representing a potential 50% drop that would significantly impact long-term holders' sentiment.
- Soft ETF Demand: The recent filing of 11 altcoin ETFs by Bitwise did not include Cardano, indicating a perceived lack of potential among institutional investors, compounded by its temporary exit from the top ten cryptocurrencies, which exacerbates negative market sentiment.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
