Ali Martinez reports that whales, or investors holding between one million and ten million tokens, currently control roughly 16% of Cardano’s circulating supply. This significant control raises questions about how whales selling off their holdings might impact Cardano’s market price. As these large investors move around significant portions of ADA, traders remain cautious. The sentiment in the market hinges on whether this selling spree will trigger broader selling among retail investors. Analysts suggest that monitoring whale movements could provide insights into future price trends for ADA. Any abrupt changes in whale behavior could set the stage for volatility in Cardano’s price.