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- Coinbase’s wrapped ADA holdings on Base rose from 1.7 million to 9.56 million in one month.
- Analysts say the increase shows growing trust in Cardano as funds shift from Bitcoin and XRP.
Coinbase has increased its wrapped Cardano (ADA) reserves on Base to more than 9.5 million. The new figure, shared in its Proof-of-Reserves report, shows a sharp rise in one month and points to fresh interest in ADA. This comes as Bitcoin slows down after reaching a record high on October 5, 2025.
Coinbase Boosts ADA Holdings
Coinbase has more than doubled its wrapped Cardano (ADA) holdings on Base within a month. The exchange’s Proof-of-Reserves data shows cbADA rising from 1.7 million to 9.56 million ADA, a 462% increase.
This development was shared by Minswap Intern, which tracks on-chain movements. The change shows that Coinbase is giving more space to ADA among its assets. During the same time, its XRP holdings dropped from 970 million to 99 million. The contrast suggests that interest is shifting from XRP to ADA among larger investors.
Market watchers believe this could point to growing confidence in Cardano and its use across different blockchains. The timing also matches a common trend where funds move from Bitcoin to altcoins once BTC becomes overbought. In addition, as detailed in our last news piece, Bitcoin recently hit $125,559, and traders are now looking for value in other coins.
In separate news, CNF reported that Coinbase announced a new partnership with Samsung. This collaboration will give Galaxy users complimentary access to Coinbase One, paired with seamless integration into Samsung Pay.
Cardano Holds Steady Amid Market Rotation
Cardano’s price has risen four times from its lowest point in June 2023. It has not grown as fast as some smaller tokens but remains one of the top-performing major assets.
Data shows that over $2.5 billion worth of ADA has been moved off exchanges in the last year. This equals about 10% of its total supply. Analysts say this could signal long-term holding and less available supply on the market.
As of this publication, ADA trades below its key resistance line that has held since December 2024. To move higher, it needs to break above the $0.96 to $0.97 range. As mentioned in our earlier post, if that happens, the next targets could be around $1.18 and $1.79. As of writing, ADA price was trading for $0.8518, down 1.35% in 24 hours.
Analysts note that Cardano often performs best when retail investors return to the market. With Bitcoin drawing more attention, new interest in altcoins could help ADA. Coinbase’s growing ADA reserves reflect stronger backing for the coin, both from institutions and individual traders.
Cardano continues to show resilience, and the rise in Coinbase’s holdings suggests that ADA could see more demand if the market trend remains steady. Meanwhile, as indicated in our last discussion, Cardano Foundation has launched a new essential course on Binance Academy, improving accessibility for global users and developers.
