(P1) The number of large-scale Cardano holders has reached a new peak, with 424 wallets now holding 10 million ADA or more as of April 7, 2026, continuing a steady accumulation trend observed over the last four months.
(P2) "Cardano wallets holding 10M+ ADA have accumulated back to 424 wallets, a count last seen four months ago," market intelligence platform Santiment reported in a post on X, highlighting the renewed whale activity.
(P3) The data indicates a consistent pattern of accumulation by Cardano's largest investors, who have been steadily increasing their holdings since early 2026. This trend contrasts with the broader crypto market, where Bitcoin has seen price volatility following recent macroeconomic data releases.
(P4) This sustained accumulation by whales is significant as it reduces the liquid supply of ADA available on exchanges. Such a reduction can create a "supply shock," where a relatively small increase in buying pressure from retail or institutional investors could lead to a disproportionately large price rally. The conviction shown by these large holders may also signal a bullish outlook on the asset's future.
This article is for informational purposes only and does not constitute investment advice.
