Although the price of Cardano (ADA) has fallen 71% from $0.90 to approximately $0.26, large holders of ADA have been accumulating over the past six months. On-chain data from Santiment shows that wallets holding between 100,000 and 100 million ADA have added 819.4 million tokens, worth about $213.9 million, increasing their share of the total supply by 1.6% to 68.44%.
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Although the price of Cardano (ADA) has fallen 71% from $0.90 to approximately $0.26, large holders of ADA have been accumulating over the past six months. On-chain data from Santiment shows that wallets holding between 100,000 and 100 million ADA have added 819.4 million tokens, worth about $213.9 million, increasing their share of the total supply by 1.6% to 68.44%.