Cardano Supply Dominated by Whales Amid Market Correction

Cardano's circulating supply is experiencing a significant shift, with whales now controlling approximately 67% of the token. This concentration level marks one of the highest since 2020 and has garnered attention across cryptocurrency trading communities, blockchain analysts, institutional investment circles, and decentralized finance sectors.

The accumulation trend intensified during a major market correction that saw Cardano's native token price decline by approximately 71%. Analysts note that large-scale whale activity often attracts close attention due to its potential influence on market sentiment and liquidity conditions.