Cardano whale accumulation: million-ADA wallets reach 2017 peak
Tech Cardano whale accumulation: million-ADA wallets reach 2017 peak Cardano whale accumulation is back in focus after fresh on-chain data showed the networks biggest ADA holders now control more of the supply than at any point in years. Even with ADA trading around $0.23 and down nearly 6% over the past week, wallets holding at least 1 million ADA have kept adding to their positions. That makes the latest Cardano whale accumulation trend hard to ignore. According to Santiment, the combined holdings of these million-plus ADA wallets have climbed to their highest level since 2017, extending an accumulation pattern that has been building since 2024. For Cardano watchers, the setup now looks split-screen. On one side, large holders appear to be signaling confidence. On the other, history shows that heavy accumulation does not always lead straight to a sustained rally. Large Cardano holders keep accumulating Santiments on-chain data points to a steady rise in the amount of ADA held by wallets with at least 1 million tokens. The firm said these large holders have been accumulating since 2024, even as the broader crypto market turned weaker after Q4 2025. That persistence stands out. When major holders keep increasing exposure during a softer market, it usually draws attention