Cardano Whale Count Reaches 4-Month High Amid Steady Accumulation

Cardano's large wallet count has surged to a 4-month high, as per recent on-chain data. This indicates that big-money investors have been steadily accumulating the cryptocurrency. According to analytics firm Santiment, the number of addresses holding over 10 million ADA tokens has increased significantly.

The Supply Distribution metric, which measures the total number of addresses belonging to a particular coin group, has also seen an uptick in recent weeks. This suggests that new large traders have joined the network, contributing to the growth of whales on Cardano.