68.7M ADA Withdrawn from Coinbase – Whale Moves Stir Speculation
Key Highlights:
1. Massive ADA Withdrawal Detected
68,769,654 ADA (~$52.96M) moved from Coinbase to an unknown wallet, per Whale Alert.
Coinbase, recently added to the S&P 500, may be witnessing institutional or whale-level movements.
2. Market Context: ADA Dips, Recovers Slightly
ADA fell 7.7% over the past 24 hours, hitting a low of $0.7754.
Now up 1.5% in minor rebound after the dump from $0.8293.
3. Accumulation or Exit?
Over 255,000 new ADA wallets have been created in 2025—an average of 1,700/day.
Suggests growing retail interest and long-term accumulation.
4. Triple Top Formation Signals Bearish Outlook
ADA’s recent chart shows a triple top pattern—a classic bearish reversal indicator.
Between May 7–12, price surged 28.5%, peaking near $0.8468.
Pattern suggests weakening buyer momentum and a potential slide ahead.
What It Could Mean:
This whale withdrawal might reflect private accumulation, off-exchange storage, or preparation for staking or DeFi use. But the bearish chart pattern warns that ADA could face selling pressure if bulls don’t reclaim momentum.
