Market
ADA Price Jumps as Whales Boost Holdings and Investors Hold

Cardano’s native coin, ADA, has surged by 47% over the past seven days, defying this week’s market volatility.
The double-digit price rally comes as whale accumulation increases and investors extend their holding time, signaling strong confidence in the asset.
ADA Supply Shrinks as Whale Accumulation and Long-Term Holding Surge
According to Santiment’s data, Cardano whales that hold between 10 million and 100 million ADA coins have significantly increased their holdings over the past week. During that period, this whale cohort has acquired 220 million coins, valued above $192 million at current market prices.

At press time, the group of large investors collectively holds 12.74 billion ADA, marking their highest accumulation in six months.
When whales increase their holdings like this, it drives upward price momentum by reducing the available supply in the market. This trend may also trigger FOMO (fear of missing out) among ADA retail investors, leading to increased buying pressure and further price appreciation.
Additionally, on-chain data has shown a notable increase in ADA’s average holding time among investors over the past week. This suggests a shift towards long-term conviction rather than short-term trading for quick profits. According to IntoTheBlock, the holding time of all ADA coins transacted over the past seven days has increased by 78%.

The holding time of an asset’s transacted coins tracks the average duration tokens are kept in wallets before being sold or transferred.
Longer holding periods such as this reduce the selling pressure in the market. It reflects stronger conviction among ADA holders as they choose to keep their coins rather than sell them.
Can It Push Past $0.94 to a Three-Month High?
On the daily chart, ADA’s rising on-balance volume (OBV) confirms the surge in demand. This is currently at 52.56 billion, climbing 2% since March 1.
This momentum indicator tracks buying and selling pressure by adding volume on up days and subtracting it on down days. When it rises during a rally, it signals strong buying demand, suggesting the price increase is backed by strong demand and may continue.
If ADA’s price uptick continues, it could break through the resistance at $0.94 and trade at a three-month high of $1.32.

On the other hand, if demand falls, ADA’s price could fall to $0.72.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Sui’s Community Passport & More This Week

As the second week of April begins, several crypto airdrops are set to capture the attention of market participants.
Some projects are launching airdrops this week to engage communities and reward early adopters. Here’s a look at the most anticipated airdrops.
Sui
Boasting up to $385.37 million in funds raised, the Sui network announced a “community passport.”
Here, participants can mint the community passport to prove their humanity and qualify for airdrops from the projects in the Sui ecosystem. The passport only costs a few cents.
“2025 SUI community passport…Mint the Passport by entering your label. Get your stamps: My First Stamp and Walrus Mainnet. The Sui Community flourishes because of passionate members like you. Your contributions, through content and events, help elevate our Sui Community,” the network said.
In a follow-up post, the Sui community account said there is a high chance that participants will receive airdrops from owning these NFT (non-fungible token) Passports in the future.
Notably, the Sui Foundation has historically stated that no broad public airdrops are planned for the SUI token. Instead, it focused on targeted rewards via programs like the Community Access Program (CAP).
However, ecosystem projects on Sui, such as SuiNS, DeepBook, and Suilend, have conducted their own airdrops.
Besides the Mint NFT for the Sui community passport, which opened on April 2, there is also the Seal testnet. Sui creator MystenLabs launched Seal, giving developers an on-chain access control and threshold encryption.
“Web3 needs better data security Seal, a decentralized secrets management (DSM) service, is now live on Sui Testnet! Think of it as onchain access control + threshold encryption for sensitive data,” Mysten Labs noted.
This enables data management for encrypted storage, gated content, and private messaging, among other uses. Participants can test Seal and potentially qualify for future rewards.
ChainGPT
This week, another crypto airdrop to watch is ChainGPT, an AI-powered platform running on the BNB Chain. The CGPT token powers its ecosystem with a burn mechanism to reduce supply.
ChainGPT collaborated with GT Protocol to launch an airdrop campaign, which commenced on March 26. It will run until April 16, barely a week left, featuring a $50,000 prize pool distributed in GTAI tokens.
Further, rewards are structured across various leaderboard tiers and a lottery system.
This campaign presents multiple opportunities for airdrop participants to earn points through NFT generation, minting, and social sharing activities.
“Win your share of $50,000 in GTAI tokens! Top winner gets $1,000, and a total of 1,500 winners will receive exciting rewards,” an airdrop researcher noted.
More than 6,100 participants are reportedly already engaged in this campaign, positioning themselves to earn GTAI tokens. However, eligibility for allocation is based on the respective user’s level of participation and point accumulation.
BoxBet
BoxBet is also on the radar for the top crypto airdrops this week. It is an iGaming platform that connects directly with Telegram’s extensive network of millions of users.
The platform features a well-designed, straightforward interface, and users can start gaming within 60 seconds. It launched in 2024, backed by tier-one investors and powered by BXBT.
BoxBet is hosting the BXBT token airdrop, distributing 5,000,000 BXBT tokens to users. Eligibility is based on individual participants’ betting volume.
It is worth noting that the project will take a snapshot of the leaderboard at the end of the airdrop period. Thereafter, eligible participants will receive their token allocations on a pro-rata basis.
To help maintain token stability, the rewards will be released over a three-month vesting period. Following the conclusion of the airdrop, users can claim their BXBT tokens in three equal installments.
Airdrop farmers should monitor Sui Network, ChainGPT, and BoxBet’s official channels for the latest updates. However, they must also conduct research.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Cardano (ADA) Eyes Resistance Break—Failure Could Spark Fresh Losses

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Market
Teucrium Launches First 2x Long XRP ETF in the US

Teucrium Investment Advisors is set to launch its Teucrium 2x Long Daily XRP ETF (XXRP) after securing NYSE Arca approval. This marks the first exchange-traded fund (ETF) in the United States to offer leveraged exposure to XRP (XRP).
The move comes as the race for a spot XRP ETF intensifies in the US, with Polymarket odds suggesting a high likelihood of approval this year.
What Is Teucrium’s 2x Long XRP ETF and Why It Matters
The XXRP fund aims to deliver two times (2x) the daily price performance of the altcoin. It will begin trading on NYSE Arca on April 8.
According to its prospectus, the fund will not directly invest in XRP. Instead, it will primarily gain exposure through swap agreements with global financial institutions.
There is also a provision for investment in XRP futures contracts, options, XRP-related companies, and spot XRP ETPs as needed. Additionally, the fund may utilize reverse repurchase agreements to enhance its investment capital.
“The fund presents different risks than other types of funds. The fund uses leverage and is riskier than similarly benchmarked funds that do not use leverage. The fund is intended to be used as a short-term trading vehicle,” the prospectus read.
The ETF enables investors to access the XRP market with a lower capital investment compared to buying equivalent derivatives directly. It has a management fee of 1.85% and offers monthly distributions to investors.
The launch of XXRP comes at a pivotal moment for XRP, as Ripple recently settled its legal battle with the SEC. Despite the lack of an approved spot ETF, Teucrium’s leveraged product offers a new avenue for investors seeking amplified exposure to the fourth-largest cryptocurrency by market capitalization. According to BeInCrypto data, XRP’s market cap stands at $111 billion.
Bloomberg’s senior ETF analyst Eric Balchunas commented on the development in the latest X (formerly Twitter post). He highlighted the unusual nature of this launch.
“Very odd (maybe a first) that a new asset’s first ETF is leveraged,” he said.
Balchunas also noted that while a spot XRP ETF has yet to be approved, the odds of such approval remain high. Many in the industry share this sentiment.
Interestingly, in anticipation of the XXRP launch, the likelihood of a spot XRP ETF receiving approval has surged. According to the prediction market platform Polymarket, odds have jumped by 5% since yesterday.
The chances of approval by December 2025 now stand at 75%. However, the outlook for a short-term approval by July 31 remains more cautious, with odds currently sitting at just 33%.

It is worth noting that the SEC faces a critical deadline in October to decide on two XRP-based ETFs. These include the Grayscale and 21Shares XRP ETFs, following their filings in the Federal Register in February.
Additionally, BeInCrypto reported that major asset managers, including BlackRock and Fidelity, could soon file for an XRP ETF, joining WisdomTree, Bitwise, and Canary Capital.
As regulatory clarity around digital currencies continues to evolve, the market will be watching closely to see how this pioneering ETF performs and whether it paves the way for further XRP-based financial products in the US.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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