Cardano whales now hold 67% of ADA supply in highest share since 2020
Hex37's read
- Cardano whales now control 67% of total ADA supply.
- Whale holdings reached their highest level since July 2020.
- Cardano TVL dropped significantly to $137 million from a $686 million peak.
What it means for traders
- High whale concentration suggests potential price volatility or accumulation despite declining DeFi activity.
- Divergence between whale accumulation and falling TVL warrants caution regarding short-term price direction.
Affected markets
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