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The number of addresses holding over 10 million ADA has reached a four-month high., 2026/04/07 15:57:44
The number of Cardano addresses holding at least 10 million ADA has increased by 5.2% over the past nine weeks, reaching a total of 424. This marks the highest level in four months, according to analytics platform Santiment.
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These significant holders of Cardano cryptocurrency have accumulated approximately 220 million ADA since the project’s inception. Most of these purchases occurred within the price range of $0.24 to $0.25, which has helped the coin maintain a value around $0.24, despite the prolonged bearish trend in the crypto market.
The price of ADA has risen by 11% since it hit a low on February 5. However, over the past month, the value of ADA has decreased by 5%, currently standing at $0.2416. The coin is now trading at 92% below its all-time high of $3.10, which was reached five years ago in September 2021.
According to a February report from Santiment analysts, large Cardano holders, defined as those possessing at least 1 million ADA, have accumulated 1.41 billion coins since late November 2023. This accumulation has contributed to a 107% increase in the price of ADA over a 15-month period. The consistent buying activity from these major investors has supported Cardano’s market capitalization, which has risen by 11% amid an overall decline in the crypto market. Currently, the market cap of ADA has decreased by 5.36%, totaling $8.72 billion.
Meanwhile, the Cardano project has launched its privacy-focused sidechain, Midnight, which utilizes zero-knowledge technology for digital identification and private smart contracts. Companies such as Google Cloud and Worldpay have already joined the network.
The activity of decentralized finance (DeFi) projects within the Cardano ecosystem remains relatively modest. According to DeFiLlama, the total value locked (TVL) in the Cardano network is $132.2 million. Stablecoins account for approximately $49.2 million, with one-third of this volume (36.3%) represented by the USDC stablecoin. This indicates that a significant portion of liquidity is held in reserves rather than being actively utilized in trading or lending.
Recently, Cardano founder Charles Hoskinson expressed optimism that better times for the crypto market lie ahead, despite the ongoing bearish trend and increasing international tensions due to the military conflict surrounding Iran.
