Cardano's 3.5-Year Record: How Millionaire Wallets Are Absorbing All ADA in Circulation

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Large players are taking Cardano (ADA) supply off the market at volumes the network has not seen in the past 3.5 years. While retail investors are dumping their coins en masse, disappointed by the depressed price trend of 2026, wallets holding between 100,000 and 100 million ADA have accumulated more than 25.6 billion tokens. Advertisement On-chain data from Santiment shows that this move has returned “shark” and “whale” holdings to levels last seen in February 2023. Over the past four months alone, they have increased their positions by 1.8%. Cardano (ADA) 100K–100M ADA vs. <100 ADA wallets — collective supply held, Source: Sanbase This liquidity shift is taking place while the ADA chart looks deeply uncomfortable . The token recently traded near multi-year lows, while the relentless flow of negative sentiment and falling prices has finally exhausted retail investors’ patience. HOT Stories Ethereum (ETH) Breakout Secured, XRP Uptrend Is Not Over Yet, Analyzing Bitcoin (BTC) Resistance Break Potential: Crypto Market Review Massive BTC Transfer by US Government Raises Concerns The local panic forced smaller addresses holding up to 100 ADA to reduce their positions by 0.7% over the same four-month period. This is a classic signal: large investors are using extreme retail pessimism to secure circulating supply at the steepest possible discount. Advertisement 3 under-the-surface catalysts driving Cardano’s bull case Despite the difficult price picture, Cardano still has active catalysts developing beneath the surface. Developers continue the network’s planned scaling effort and in late June, the key Leios testnet, Musashi Dojo, launched with the goal of increasing transaction throughput several times over. At the same time, progress continues on the Hydra and Mithril protocols, Pyth oracles are being integrated, and fresh ecosystem funding activity is also being recorded. You Might Also Like Mon, 07/13/2026 - 16:01 'Do Something!': Charles Hoskinson Fires Back at Cardano Community After Solana's Japan Deal By Gamza Khanzadaev Advertisement The bullish case is simple: strong hands are absorbing supply, retail investors are losing patience, and market sentiment has been completely burned out. This combination does not guarantee an immediate price reversal, but large-scale whale accumulation amid the capitulation of smaller holders creates one of the healthiest technical setups ADA has shown this year. #Cardano News #Cardano