On-chain data shows the Cardano addresses with at least 1 million tokens have seen their combined holdings hit the highest point since 2017.<\/p>\n
In a new post<\/a> on X, on-chain analytics firm Santiment has discussed the latest trend in the Supply Distribution of the large Cardano investors. The \u201cSupply Distribution<\/a>,\u201d here refers to an indicator that tells us about the amount of ADA supply that a given wallet group is holding right now.<\/p>\n Addresses or investors are divided into these cohorts based on the number of coins that they are carrying in their balance. The 1 to 10 coins group, for instance, includes all holders carrying between 1 and 10 ADA in their balance.<\/p>\n In the context of the current discussion, the range of interest is the one with a lower bound of 1 million ADA and no upper bound. At the current exchange rate of the cryptocurrency, the cutoff for the group converts to about $230,000. This is a substantial amount, so only the investors with a notable amount of capital would fall inside this range.<\/p>\n Below is the chart shared by Santiment that shows the trend in the Supply Distribution for these Cardano millionaire wallets over the past decade.<\/p>\n As is visible in the graph, the Cardano supply held by the 1 million+ ADA wallets has been following an uptrend since 2024, indicating that entities like the sharks and whales<\/a> have been loading up on the asset. As Santiment noted:<\/p>\n When key stakeholders accumulate, this is generally a sign of confidence from the groups that are most deeply invested and have the most to gain\/lose.<\/p>\n Interestingly, the upward trajectory in the Supply Distribution of the millionaire wallets has maintained despite the bearish shift that the cryptocurrency sector as a whole has faced since Q4 2025. Thus, it would appear that the price drawdown hasn\u2019t dissuaded large investors from accumulating the altcoin.<\/p>\n Following the latest continuation to the metric\u2019s uptrend, its value has reached the 25.11 billion tokens mark. This is the most amount of Cardano that 1 million+ ADA investors have held since December 2017. In terms of supply percentage, these key holders currently control 64.49% of all coins in circulation, the highest share since July 2020. \u201cAs a long-term indicator, this is a bullish signal for those who can be patient enough to hold,\u201d said the analytics firm.<\/p>\n Though, while accumulation from Cardano sharks and whales has been pretty consistent for a while now, the indicator could still be to keep an eye on. From the chart, it\u2019s apparent that the indicator showed a similar trajectory during the 2022 bear market<\/a>, until the large holders participated in a selloff that took the coin to its lowest levels for the cycle.<\/p>\n At the time of writing, Cardano is trading around $0.23, down nearly 6% over the past week.<\/p>","protected":false},"excerpt":{"rendered":" On-chain data shows the Cardano addresses with at least 1 million tokens have seen their combined holdings hit the highest point since 2017. Large Cardano Holders Have Continued To Accumulate Recently In a new post on X, on-chain analytics firm Santiment has discussed the latest trend in the Supply Distribution of the large Cardano investors. […]<\/p>\n","protected":false},"author":0,"featured_media":172241,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-172240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/172240"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=172240"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/172240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/172241"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=172240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=172240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=172240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ADA Price<\/h2>\n