đš $ADA ISNâT DEAD. BUT THE NUMBERS ARE TELLING A VERY INTERESTING STORY.
Cardano is trading around $0.26 today.
Market cap: ~$9.5B
Circulating supply: ~36.8B ADA
Max supply: 45B ADA
ATH: $3.10
Distance from ATH: ~92%
Now look at the whales. đł
Wallets holding 1M+ ADA collectively reached 25.09 BILLION ADA â about 67.47% of the existing supply, according to Santiment.
And that accumulation trend has been building since December 2023.
Even more recently, wallets holding 100Kâ100M ADA were reported to have accumulated another 110M ADA in a short period.
But here's the part ADA bulls shouldn't ignore:
đ Cardano DeFi TVL is only around $71M today.
đ 24h DEX volume: ~$2.9M
đ„ 24h active addresses: ~21.5K
⥠24h transactions: ~34K
So why are large holders accumulating?
Future expectations â or dead money?
Cardano isn't sitting still either.
âïž Leios is being developed to potentially increase throughput by 10Ăâ65Ă through a phased rollout.
đ Native USDC, Pyth pricing oracles and Dune Analytics integrations have already gone live through Cardano's critical-integration program.
And Charles Hoskinson?
He's still CEO & Founder of Input Output, the company behind Cardano. He remains publicly active and involved in Cardano's development and governance discussions.
đ„ THE REAL ADA QUESTION:
Are whales accumulating because they see the next Cardano cycle comingâŠ
OR
are we looking at a huge amount of capital sitting in a network that still needs much more adoption?
25 BILLION+ ADA in 1M+ wallets is NOT nothing.
But whale accumulation alone doesn't guarantee a pump.
đ ADA $1, $3 or $10 this cycle?
Pick ONE.
Cardano is trading around $0.26 today.
Market cap: ~$9.5B
Circulating supply: ~36.8B ADA
Max supply: 45B ADA
ATH: $3.10
Distance from ATH: ~92%
Now look at the whales. đł
Wallets holding 1M+ ADA collectively reached 25.09 BILLION ADA â about 67.47% of the existing supply, according to Santiment.
And that accumulation trend has been building since December 2023.
Even more recently, wallets holding 100Kâ100M ADA were reported to have accumulated another 110M ADA in a short period.
But here's the part ADA bulls shouldn't ignore:
đ Cardano DeFi TVL is only around $71M today.
đ 24h DEX volume: ~$2.9M
đ„ 24h active addresses: ~21.5K
⥠24h transactions: ~34K
So why are large holders accumulating?
Future expectations â or dead money?
Cardano isn't sitting still either.
âïž Leios is being developed to potentially increase throughput by 10Ăâ65Ă through a phased rollout.
đ Native USDC, Pyth pricing oracles and Dune Analytics integrations have already gone live through Cardano's critical-integration program.
And Charles Hoskinson?
He's still CEO & Founder of Input Output, the company behind Cardano. He remains publicly active and involved in Cardano's development and governance discussions.
đ„ THE REAL ADA QUESTION:
Are whales accumulating because they see the next Cardano cycle comingâŠ
OR
are we looking at a huge amount of capital sitting in a network that still needs much more adoption?
25 BILLION+ ADA in 1M+ wallets is NOT nothing.
But whale accumulation alone doesn't guarantee a pump.
đ ADA $1, $3 or $10 this cycle?
Pick ONE.