Whales Keep Loading Up on Cardano While Retail Dumps ADA
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Cardano’s largest holders (100,000–100,000,000 ADA) now control more than 25.6 billion ADA, the highest concentrated balance since February 2023, signaling renewed whale and institutional accumulation of the token. Meanwhile retail wallets holding under 100 ADA have trimmed holdings by about 0.7% over the past four months, indicating retail selling and greater supply concentration that could affect liquidity and market price in the crypto ecosystem.
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Cardano’s largest holders have been increasing their exposure even as smaller investors reduce theirs, according to Santiment’s latest supply distribution data.
Wallets holding between 100,000 and 100 million ADA now collectively own more than 25.6 billion coins. The figure is the highest balance since February 2023. On the other hand, wallets holding fewer than 100 ADA have reduced their holdings by about 0.7% over the past four months.
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