Cardano Whales Grab 68 Percent of ADA Supply Despite Price Drop

Cardano is seeing a huge shift in who holds its coins. New data shared by market analyst Lark Davis shows that large holders, often called whales, now control 68.76 percent of the total ADA supply. This massive accumulation happens while the broader market stays bearish and the price sits down by 70 percent from previous highs.

Big investors often use market downturns to buy up assets at a discount. While regular traders might feel scared by falling prices, these whales are showing long term confidence in the network. Their steady buying hints that they expect the project to grow in value down the road.

Traders should watch the charts closely to see if this heavy whale accumulation will spark a trend reversal. If big buyers keep taking ADA off the open market, it could create a supply squeeze when demand finally returns.