Cardano Whales Accumulate 25B ADA as Analyst Predicts Rally Toward $0.42
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Analytics firm Santiment reports wallets holding at least 1 million ADA now control 25.09 billion ADA, equal to 67.47% of circulating supply—the highest concentration since July 2020—indicating heavy whale accumulation despite a 71% drop in Cardano’s market cap. Analyst Ali Martinez signals a new ADA buy opportunity with targets at $0.33 and $0.42, suggesting potential bullish token performance and renewed adoption, though such concentration raises centralization and market risk.
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- Cardano whales now hold 25.09B ADA, equal to 67.47% of the circulation supply.
- Santiment says millionaire ADA wallets continued to accumulate despite Cardano’s 71% market-cap drop.
- Analyst Ali Martinez sees a new ADA buy signal, with potential targets at $0.33 and $0.42.
Large Cardano holders continue to accumulate ADA despite the cryptocurrency’s prolonged market downturn, according to new data from analytics platform Santiment.
The firm revealed that wallets holding at least 1 million ADA tokens now collectively control 25.09 billion ADA. Notably, this figure marks an all-time high in the group’s holdings. That amount represents 67.47% of Cardano’s current circulating supply, the highest concentration recorded since July 2020.
Santiment noted that these major holders, often referred to as sharks and whales, have steadily increased their positions since …
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