Cardano wallets holding at least 1M ADA now control 25.09B tokens. According to Santiment, these large wallets now hold 67.47% of ADA’s existing supply, even as the asset’s market cap has fallen 71% over the past nine months.
Cardano’s key stakeholders have slowly but surely accumulated, consistently adding more and more of the existing supply to their bags, dating back to December, 2023.
Wallets with at least 1M tokens now hold 25.09B $ADA, which translates to 67.47% of the current existing… pic.twitter.com/knuSbfYtaE
— Santiment Intelligence (@SantimentData) May 13, 2026
The data points to continued accumulation by Cardano’s “millionaire” tier of sharks and whales, a cohort Santiment said has been adding more supply since December 2023. The move affects ADA market watchers because large holders appear to be buying into weakness, rather than reducing exposure during the drawdown.
The next point to watch is whether that accumulation trend continues if ADA remains under pressure. Santiment framed the behavior as major stakeholders adding at discounted prices, but the signal remains a wallet-balance trend, not a confirmed forecast for price recovery.
Source: Santiment official X account.
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