Background: In 2025, Cardano (ADA) saw nearly 1 billion USD flowing out from centralized exchanges, mirroring the pattern observed during the 2021 bull market. According to TapTools data, approximately 932 million USD worth of ADA has been transferred to self-custody wallets since January this year, indicating investor confidence in future price appreciation.

Key Events: Large capital outflows typically signal increased investor confidence and reduced selling pressure. In April, whale wallets accumulated over 410 million ADA, further supporting a bullish outlook. Analysts predict that ADA's price could increase by 10 to 20 times during the current cycle. Cardano has partnered with SERPRO, Brazil's largest government IT supplier, to integrate blockchain technology into Brazil's digital infrastructure, demonstrating its practical application potential. Development activity remains robust, with the number of Plutus V2 smart contract scripts rising from around 8,100 in January to 133,000. The upcoming "Leios" upgrade will enhance transaction throughput, improving network scalability and efficiency. Additionally, Cardano plans to integrate Bitcoin by the end of the month to achieve cross-chain interoperability.

Potential Impact: These developments are expected to boost Cardano's competitiveness in DeFi and smart contract sectors, promoting wider adoption of blockchain technology. The current ADA price is approximately 0.59 USD, down 3.19% in the past 24 hours.

Special Note: The content references analysis data from TapTools.

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Cardano (ADA) has gained bullish momentum, with nearly $1 billion worth of ADA withdrawn from centralized exchanges this year.Notably, blockchain analytics firm TapToolsreportedTuesday that approximately $932 million in ADA has left exchanges since January, a sign that investors may be moving their holdings to self-custody wallets in anticipation of future price appreciation. As per the firm, this pattern also mirrors behavior seen during the 2021 bull run, which drove ADA to its all-time high of $3.10.Historically, such large-scale outflows often signal growing investor confidence and reduced sell-side pressure, particularly when combined with rising on-chain activity and accumulation.Earlier this month, popular crypto analyst Ali Martineznotedthat whale wallets had accumulated over 410 million ADA in April alone, further strengthening the bullish case.On Tuesday, crypto analyst Sssebi amplified bullish sentiment around Cardano (ADA), forecasting a potential 10- to 20-fold increase in its price during the current market cycle.“It’s incredible how much room to the upside $ADA has left. We can easily 10x–20x from this point… $7 is an easy 10x,”he noted. He backed it up with a chart showingADApoised at a key technical support level, with a bullish channel hinting at a strong move ahead.That said, Cardano’s fundamentals may also be driving this renewed whale interest.One of the most notable developments is Cardano’s partnership with Brazil’s largest government IT provider, SERPRO in March. This collaboration integrates Cardano’s blockchain technology into Brazil’s digital infrastructure, which handles approximately 33 billion transactions annually. Such a large-scale implementation underscores Cardano’s potential for real-world applications and sets a precedent for worldwide blockchain adoption.Cardano’s development activity also remains robust, with a significant increase in smart contract deployment. The number of Plutus V2 scripts had grown from about 8,100 on January 2024 to over 133,000 to-date indicating a thriving developer ecosystem and a commitment to expanding the platform’s capabilities.Furthermore, technologically, Cardano is preparing to launch the “Leios” upgrade, designed to significantly increase transaction throughput without compromising decentralization. This enhancement is expected to bolster the network’s scalability and efficiency, positioningCardanoto better compete in the DeFi and smart contract arenas.Additionally, Cardano is set to integrate Bitcoin into its ecosystem before the end of the month. This integration will allow Bitcoin holders to utilize their assets within Cardano’s decentralized applications, fostering greater interoperability between the blockchains.ADA traded around $0.59 at press time, reflecting a 3.19% loss in the past 24 hours.

In 2025, Cardano exchanges experienced nearly 1 billion USD in outflows, echoing the bull market pattern of 2021.