Cardano Whales Increase Holdings to 67% of Total ADA Supply
Cardano whales now hold 67% of ADA supply in highest share since 2020
Coindesk
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Wallets holding at least one million ADA now control 67% of Cardano's total supply, amounting to 25.09 billion tokens. This marks the highest concentration among large holders since July 2020, despite a significant decline in Cardano's total value locked (TVL) and market cap over the past nine months.
- 01The concentration of ADA held by large wallets has reached 67.47%, the highest since July 2020.
- 02Cardano's total value locked (TVL) has dropped by 80%, from $686 million in December 2024 to $137 million.
- 03Daily decentralized exchange (DEX) volume is currently at $1.95 million, indicating low trading activity.
- 04Active daily addresses on the Cardano network are fewer than 16,000, suggesting limited on-chain usage.
- 05ADA is trading at $0.27, with a market cap of approximately $9.96 billion.
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Recent data indicates that wallets holding at least one million ADA tokens now control 25.09 billion ADA, representing 67% of the total supply. This concentration among large holders is the highest recorded since July 2020, reflecting a trend of accumulation that began in late 2023. Despite this accumulation, Cardano's overall market performance has been lackluster, with the token's market cap declining by 71% over the past nine months. Additionally, Cardano's total value locked (TVL) in decentralized finance (DeFi) has plummeted by 80%, from a peak of $686 million in December 2024 to just $137 million now. Daily DEX trading volume is low, sitting at around $1.95 million, while the number of active daily addresses remains below 16,000. These figures suggest that large holders are primarily accumulating ADA as a long-term investment rather than engaging in active trading or utilizing the network for transactions.
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The concentration of ADA holdings among large investors may influence market stability and price movements, affecting smaller investors and traders.
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