On-chain metrics suggest large holders of XRP and Cardano (ADA) may be preparing for a major run despite a broader market downturn.
CryptoQuant data reveals a significant drop in large XRP inflows to Binance, specifically transfers exceeding 1 million tokens. While these whale deposits remained consistently high between 2021 and a 2025 peak, the subsequent decline indicates weakening selling pressure, even as the asset pulled back from the $3 territory.
This drop in exchange inflows following ETF approvals highlights a reduced willingness among whales to liquidate their positions.
Historically, market downturns are preceded by sharp spikes in the 100K–1M and 1M+ XRP inflow categories. Current charts show no such surges, signaling that the recent price drop is leverage-driven rather than spot profit-taking. If Binance inflows remain subdued, a decline in supply could push XRP back toward the $1.80–$2.00 range.
Meanwhile, Cardano is experiencing critical structural shifts. Santiment data shows dormant ADA wallets have abruptly reawakened over the past several days. The network’s Mean Dollar Invested Age paused its steady climb as long-term capital shifted, while the Age Consumed metric printed multiple massive spikes, marking its largest surge since April.
 
This data reveals that the recent market flush has motivated long-term holders to become active. Historically, clusters of Age Consumed spikes have frequently appeared alongside flatlining Mean Dollar Invested Age around pivotal market turning points.
That said, underlying whale activity arrives amid heavy macroeconomic headwinds. XRP fell 4.36% over the last 24 hours to $1.11, underperforming amid strong U.S. jobs data that stoked Federal Reserve rate-hike anxieties and triggered Bitcoin ETF outflows. This forced a technical breakdown below the $1.13–$1.15 zone. Holding above $1.10 could spark a rebound to $1.19–$1.25, while a break below risks testing the $1.00 floor.
Meanwhile, Cardano dropped 4.82% to $0.159 amid market-wide risk aversion and its high beta to Bitcoin’s decline. If ADA defends $0.149, it may consolidate, breaking below its multi-year lows ahead of the June 23 Leios testnet launch.
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