Cardano Whale Holdings Reach Record High Amidst ADA Price Decline
Cardano Whale Holdings Reach Record High Amidst ADA Price Decline
Wallets holding at least 1 million Cardano (ADA) tokens have accumulated a record 25.09 billion ADA, representing 67.47% of the circulating supply—the highest share since July 2020. This significant accumulation by large holders comes despite ADA's price experiencing a substantial downturn, having lost 71% of its market value.
Wallets with at least 1 million Cardano (ADA) tokens now hold 25.09 billion ADA, the highest combined balance on record, according to on-chain analytics firm Santiment. That balance gives the cohort 67.47% of the circulating supply, the largest share held by ADA millionaires since July 2020. “Although the asset has lost -71% of its market
The post Cardano Whale Holdings Hit All-Time High as ADA Price Tumbles appeared first on BeInCrypto.