Cardano whales hold 25.09 billion ADA, accounting for 67.47% of the supply, the highest since July 2020

Odaily Odaily News Santiment data shows that wallets holding at least 1 million ADA currently control 25.09 billion ADA, accounting for 67.47% of the total ADA supply, the highest level since July 2020. This accumulation trend has persisted since December 2023, with ADA's market cap falling 71% over the past nine months. During the same period, Cardano's DeFi total value locked dropped from a peak of approximately $686 million in December 2024 to $137 million, a decline of 80%; daily DEX trading volume is $1.95 million, with about 16,000 active on-chain addresses in the past 24 hours.