There has been a noteworthy shift in Cardano's token supply distribution. In fact, analysis revealed that wallets holding 100 million to...
ADA’s price continues to trade within a downtrend thoughwhale wallets, indicating a trend of accumulation among large holders. However, despite this accumulation, many of these whale wallets are currently in a position of loss, remaining “underwater” as far as their investment value is concerned.
As a result of this behaviour, this group of whale wallets now collectively holds around 6.5% of the total ADA supply.Conversely, examination of the largest holders — Wallets containing 1 billion ADA or more — seemed to indicate that accumulation has tapered off in recent times. Examining the trend revealed that this number has remained relatively constant since January. Although there was a slight hike to around 4.48 million in February, it quickly reverted to its press time level on the charts.Additionally, the 30-day Market Value to Realized Value ratio ofindicated that buyers who acquired ADA during this period are currently holding at a loss. The chart analysis revealed that ADA dipped below zero on around 16 March and has remained below this threshold since then.
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