📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Cardano Whales Offload 390M ADA Even After Major Treasury Milestone
Cardano whales sold 390 million ADA, adding pressure to the token’s price.
Despite the $71M treasury win, ADA continued to decline for a third week.
Whale sell-off outweighed accumulation, confirming bearish momentum on technical indicators.
Cardano's ADA has made history. For the first time, a major on-chain governance vote passed with 74% support. The $71 million treasury allocation signals a big shift toward community-led control. Intersect, a member-based oversight group, will handle the fund's distribution. The money will support Hydra scaling, Project Acropolis, and developer tools. Despite this huge milestone, ADA whales started dumping tokens. Investors with big bags seem less excited than the rest of the community.
Governance Breakthrough Can’t Stop the Selling
The Cardano vote marked a key turning point. No other top-10 token has done this. Funds will roll out over 12 months with clear oversight. The plan includes support for Bitcoin and Ethereum compatibility. Privacy upgrades and smart contracts also got greenlit. Even so, ADA has struggled. The token fell nearly 2% on Wednesday. That marks three straight weeks of losses. Charts show ADA trapped inside a falling channel. The 50 EMA is closing in on the 200 EMA. Resistance looms overhead, stopping any short-term breakout.
The RSI sits at 40, flashing weak buying demand. MACD crossed bearish, pointing to lower prices ahead. ADA needs to clear $0.7417 to turn bullish again. Until then, pressure keeps building. On-chain data supports the bearish vibe. Transaction volume crashed from $1.69 billion to $744 million. The spike in profits on July 25 sparked this retreat. That day alone, 143.63 million ADA got dumped for gains. Since then, momentum has faded.
Whales Stir the Waters While Retail Holds Steady
Retail users haven't quit. Daily active addresses rebounded to 31,000 from a dip below 29,000. Smaller holders still believe in the mission. The same can’t be said for large wallet investors. Whales holding 1–100 million ADA dumped 390 million tokens. Their total holdings dropped to 18.51 billion ADA. This selling likely triggered the price slide.
On the flip side, even larger whales quietly added 450 million ADA. Their bags grew to 5.36 billion ADA. Despite that, net pressure remains negative. The mid-sized whales control more tokens and currently lean bearish. Meanwhile, the Cardano ecosystem continues to grow. The Midnight sidechain went live with privacy in focus. A NIGHT token airdrop reached 37 million users. That’s no small feat.
Treasury funds will now support more scaling, security, and interoperability tools. Smart contracts and a new committee will monitor the progress. Still, the market listens to whales. As long as they keep selling, ADA faces strong resistance. Only a break above the 200 EMA can reverse this trend. For now, holders watch closely—hoping this isn't the calm before a deeper storm.