Cardano whales now hold 67% of ADA supply in highest share since 2020

Cardano whales now hold 67% of ADA supply, the highest share since July 2020, as wallets with at least one million ADA control 25.09 billion tokens. This concentration of wealth contrasts with Cardano's declining TVL, which has dropped to $137 million from a December 2024 peak of $686 million, highlighting market volatility and decreased investor confidence.