Oh, the grand spectacle of the crypto markets – like a tragic vaudeville, none are spared! Witness Cardano‘s native token, an unexpected star in this tempest! Positioned with bravado at approximately $0.85 till yesterday, the audacious hope was to surge to the lauded heights of $1, nay, even the dizzying $2! Realism, however, slapped that fantasy harshly, plummeting under $0.30 on Binance, a devastating 65% nosedive in mere hours, hitting its nadir since August 2024. 📉😅
The same dread struck other trading arenas. A similar plunge was witnessed on Bitfinex to $0.30 and on Kraken to $0.42, though not quite as violently. Bears lethargically dragged it to $0.56 on Bitstamp, while Coinbase saw it dip to $0.6, now hovering near $0.65. 😏
Largest crypto crashes since 2020:
- 1. Coronacrash: Mar 12, 2020 (BTC -54%)
- 2. 3AC crash: Jun 10-13, 2022 (ETH -32%)
- 3. FTX collapse: Nov 8-9, 2022 (ETH -35%)
- 4. Elon hangover crash: May 19, 2021 (ETH -40%)
- 5. Trump Tariffs 2.0 crash: Oct 10, 2025 (ADA -67%)
Picked ADA as…
– Alex Krüger (@krugermacro) October 11, 2025
The downfall of ADA was not a solitary tragedy but a scene amid the broader financial cultural parade that commenced when US President Donald Trump brandished tariffs on China. The aftermath? The single-largest liquidation event, over $19 billion erased in an immortal economic pantomime. 🤑😵
A gem of Cardano’s saga thus unfolds: the whales, the leviathans of the investment seas, have shown their unsated hunger for liberty. Data shared by Ali Martinez reveals a staggering sale of 40 million tokens by these beasts in one fleeting week. Such behavior, as their panic spreads, could likely entice smaller investors to mimic, infusing further despair. 😬
40 million Cardano $ADA sold by whales in the past week!
– Ali (@ali_charts) October 11, 2025
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2025-10-11 09:20