{"id":11718,"date":"2026-05-29T17:00:33","date_gmt":"2026-05-29T17:00:33","guid":{"rendered":"https:\/\/coinstrend.net\/blog\/cardano-millionaire-wallets-reach-highest-ada-holdings-since-2017\/"},"modified":"2026-05-29T17:00:33","modified_gmt":"2026-05-29T17:00:33","slug":"cardano-millionaire-wallets-reach-highest-ada-holdings-since-2017","status":"publish","type":"post","link":"https:\/\/coinstrend.net\/blog\/cardano-millionaire-wallets-reach-highest-ada-holdings-since-2017\/","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 Supply Distribution,” 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 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’t dissuaded large investors from accumulating the altcoin.<\/p>\n

Following the latest continuation to the metric’s 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. “As a long-term indicator, this is a bullish signal for those who can be patient enough to hold,” 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’s apparent that the indicator showed a similar trajectory during the 2022 bear market, 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>\n","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 Supply Distribution,” here refers to an indicator that tells us about the amount of ADA supply that a given wallet group…<\/p>\n","protected":false},"author":1,"featured_media":11719,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119],"tags":[79,82,83,4948,5378,1378],"class_list":["post-11718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-adausdt","tag-cardano","tag-cardano-accumulation","tag-cardano-millionaires","tag-cardano-whales"],"_links":{"self":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/11718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/comments?post=11718"}],"version-history":[{"count":0,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/11718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media\/11719"}],"wp:attachment":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media?parent=11718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/categories?post=11718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/tags?post=11718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}