Cardano's Largest Investors Accumulate Amid Market Weakness

Cardano's largest investors have been quietly accumulating ADA during the cryptocurrency market downturn. According to on-chain data from Santiment, wallets holding between 100,000 and 100 million ADA now collectively control more than 25.6 billion tokens.

This represents about 67.5% of Cardano's circulating supply and marks the largest combined balance held by these investors in over three years. The accumulation trend has continued even as ADA has lost more than 70% of its value over the past nine months and remains down more than 20% year-to-date.

The data indicates that large holders have gradually expanded their positions while ADA has remained under pressure, signaling continued confidence in the network despite disappointing market performance. On the contrary, smaller wallets have generally reduced their holdings over the same period.