A significant portion of Cardano’s ADA – almost 67% – is now held by a small group of large investors, known as whales. This is the highest concentration of ADA held by these whales since 2020. Despite the token’s value dropping nearly 71% over the last nine months, these major investors have been steadily buying more ADA, now collectively owning around 25.09 billion tokens. Experts believe this indicates strong, long-term belief in Cardano’s potential. However, such a high concentration of supply in the hands of a few could also make the price more unstable, especially if these large holders decide to sell their ADA during periods of market growth or decline.
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2026-05-15 10:52