Cardano Whales Surge to Record 67% of ADA Supply Amid Midnight Hype

Cardano's whale wallets now control an astonishing 67% of its total circulating ADA supply. This marks the highest reported level since 2020 and highlights a significant shift in the distribution of wealth within the ecosystem.

The increase in whale holdings comes as some retail investors reduce their exposure to ADA, contributing to wider market pressure. Meanwhile, larger wallets appear to be increasing their share of ADA supply, which could impact market liquidity.

The rising attention on Cardano's Midnight privacy layer is also a significant factor in the growing interest in whale data. Midnight aims to address both privacy and compliance needs, making it an attractive solution for enterprise use cases and future DeFi growth.