{"id":45015,"date":"2026-05-29T07:00:08","date_gmt":"2026-05-29T07:00:08","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=45015"},"modified":"2026-05-29T07:00:08","modified_gmt":"2026-05-29T07:00:08","slug":"cardano-millionaire-wallets-reach-highest-ada-holdings-since-2017","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=45015","title":{"rendered":"Cardano Millionaire Wallets Reach Highest ADA Holdings Since 2017"},"content":{"rendered":"

On-chain data shows the Cardano addresses with at least 1 million tokens have seen their combined holdings hit the highest point since 2017.<\/p>\n

Large Cardano Holders Have Continued To Accumulate Recently<\/h2>\n

In a new post<\/a> on X, on-chain analytics firm Santiment has discussed the latest trend in the Supply Distribution of the large Cardano investors. The \u201cSupply Distribution<\/a>,\u201d here refers to an indicator that tells us about the amount of ADA supply that a given wallet group is holding right now.<\/p>\n

Addresses or investors are divided into these cohorts based on the number of coins that they are carrying in their balance. The 1 to 10 coins group, for instance, includes all holders carrying between 1 and 10 ADA in their balance.<\/p>\n

In the context of the current discussion, the range of interest is the one with a lower bound of 1 million ADA and no upper bound. At the current exchange rate of the cryptocurrency, the cutoff for the group converts to about $230,000. This is a substantial amount, so only the investors with a notable amount of capital would fall inside this range.<\/p>\n

Below is the chart shared by Santiment that shows the trend in the Supply Distribution for these Cardano millionaire wallets over the past decade.<\/p>\n

\"Cardano<\/p>\n

As is visible in the graph, the Cardano supply held by the 1 million+ ADA wallets has been following an uptrend since 2024, indicating that entities like the sharks and whales<\/a> have been loading up on the asset. As Santiment noted:<\/p>\n

\n

When key stakeholders accumulate, this is generally a sign of confidence from the groups that are most deeply invested and have the most to gain\/lose.<\/p>\n<\/blockquote>\n

Interestingly, the upward trajectory in the Supply Distribution of the millionaire wallets has maintained despite the bearish shift that the cryptocurrency sector as a whole has faced since Q4 2025. Thus, it would appear that the price drawdown hasn\u2019t dissuaded large investors from accumulating the altcoin.<\/p>\n

Following the latest continuation to the metric\u2019s uptrend, its value has reached the 25.11 billion tokens mark. This is the most amount of Cardano that 1 million+ ADA investors have held since December 2017. In terms of supply percentage, these key holders currently control 64.49% of all coins in circulation, the highest share since July 2020. \u201cAs a long-term indicator, this is a bullish signal for those who can be patient enough to hold,\u201d said the analytics firm.<\/p>\n

Though, while accumulation from Cardano sharks and whales has been pretty consistent for a while now, the indicator could still be to keep an eye on. From the chart, it\u2019s apparent that the indicator showed a similar trajectory during the 2022 bear market<\/a>, until the large holders participated in a selloff that took the coin to its lowest levels for the cycle.<\/p>\n

ADA Price<\/h2>\n

At the time of writing, Cardano is trading around $0.23, down nearly 6% over the past week.<\/p>\n

\"Cardano<\/p>","protected":false},"excerpt":{"rendered":"

On-chain data shows the Cardano addresses with at least 1 million tokens have seen their combined holdings hit the highest point since 2017. Large Cardano Holders Have Continued To Accumulate Recently In a new post on X, on-chain analytics firm Santiment has discussed the latest trend in the Supply Distribution of the large Cardano investors. […]<\/p>\n","protected":false},"author":1,"featured_media":45016,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-45015","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoin"],"yoast_head":"\nCardano Millionaire Wallets Reach Highest ADA Holdings Since 2017 - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=45015\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano Millionaire Wallets Reach Highest ADA Holdings Since 2017 - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"On-chain data shows the Cardano addresses with at least 1 million tokens have seen their combined holdings hit the highest point since 2017. 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