Cardano (ADA) Investors Lose up to 80% of their Funds

A new report from IntoTheBlock reveals that the vast majority of Cardano (ADA) holders are currently experiencing losses. According to the data analytics firm, at least 80% of all ADA holders are "out of the money," meaning they hold tokens at a loss. This equates to a total of 3.44 million addresses, holding a total of 268.5 billion ADA, equivalent to $94.8 billion at current prices.

In terms of the ratio of lost addresses to profitable addresses, Cardano currently ranks ninth among cryptocurrencies with a market cap over $1 billion. With a total market cap of $124.7 billion, ADA's profits stand at only $16.6 billion.