ADA Whales Accumulate 170M Tokens Following SEC-CFTC Commodity Classification

Cardano's ADA was classified as a digital commodity in joint guidance from the SEC and CFTC on March 17, prompting large holders to increase positions. Wallets holding 1M to 10M ADA accumulated about 60M tokens over the weekend, while larger whale groups bought 110M ADA (around $30M) between March 15 and 16, on-chain data show. More than 5,200 new mid-tier whale wallets were created in a single week. ADA is trading near $0.29 as futures open interest rises and funding rates stay positive, with the commodity designation opening the door to potential spot ADA ETFs and Grayscale already having filed.