Biggest Cardano whales again own the biggest percentage of ADA in circulation, which totals almost 50% of it
A recent report from Santiment Shows that wallets that hold more than 10 million ADA again hold almost 50% of the ADA in circulation.
The last time these whales owned that much ADA, according to Santiment, was two years ago. The Santiment analytics team, which shared the news, stressed that a large portion of these addresses belongs to crypto exchanges.
Whales hold 46.6% of circulating ADA
Nearly half of the circulating ADA supply is back in the ownership of large wallets, including those on centralized digital exchanges. This happened despite the price of the coin remaining nearly 60% below the all-time high of $3.10 reached on September 2.
The overall amount of ADA in circulation totals 33,739,028,516 coins.
Cardano wallets show 1,600% growth
Earlier, U.Today reported that the Cardano x`ecosystem recently demonstrated record growth in ADA wallets of over 1,600% over the past two years.
Since 2020, the amount of addresses holding ADA has increased from 186,000 to 3,200,000 at present.
Curiously, Cardano met the start of 2022 with only 500,000 addresses. However, in February, the explosive rise took place, taking this metric to its current all-time high.
ADA market performance
Since mid-January, Cardano’s native cryptocurrency has been declining. On Jan. 18, it managed to reached a local high of $1.6028. After that, however, the price has been going down.
The lowest it has seen so far in 2022 was the $0.7623 level on February 26. April 10 was the last day the asset held more than $1. As of this writing, ADA is changing hands at $0.9538 from $1.06 to $1.06.
