Cardano Whale Holdings Hit All-Time High as ADA Price Tumbles
BeInCrypto
Cardano whale wallets holding at least 1 million ADA have reached a record high in holdings despite the token's recent price decline.Summary
According to data from Santiment, wallets containing at least 1 million Cardano (ADA) tokens now hold 25.09 billion ADA, representing 67.47% of the circulating supply. While the asset has seen a significant market cap decline over the past nine months, large holders, known as sharks and whales, continue to accumulate tokens at discounted prices. Conversely, retail investors holding smaller amounts of ADA have been offloading their assets, signaling a shift in supply from smaller hands to larger, long-term investors.
(Source：BeInCrypto)