Cardano Millionaire Wallets Reach Record 25B ADA Holdings
Cardano's millionaire-tier wallets, holding at least 1 million ADA (approx. $262,400), have accumulated to a new all-time high of 25.09 billion ADA, according to on-chain data from Santiment. This represents about 67.47% of the total supply. Notably, this accumulation has persisted through the recent bearish market, during which ADA's market cap has fallen 71% over nine months, suggesting large investors are buying at discounted prices. In related news, Bitcoin sharks and whales have also added over 50,000 BTC in the past month. While large holders accumulate, smaller retail entities have shown net selling. At the time of reporting, ADA is trading around $0.264, down 1.9% in 24 hours.
bitcoinist05/15 09:04