Cardano whales now hold 67% of ADA supply in highest share since 2020
CoinDesk·
60-second summary
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.
Wallets holding at least one million ADA now control 25.09 billion tokens, the highest share since July 2020, even as Cardano's TVL has bled to $137 million from a December 2024 peak of $686 million, per Santiment and DefiLlama data.