Cardano (CRYPTO: ADA) whales now control 67% of supply, the highest concentration since July 2020, after accumulating through a 71% crash over nine months.

Whales Stack 25 Billion ADA

Wallets holding at least one million ADA now control 25.09 billion tokens, representing 67.47% of circulating supply. 

The accumulation trend has run uninterrupted since December 2023, with large holders buying on price weakness.

The token has shed 71% of its market cap over the past nine months, suggesting the largest holders have been stacking coins while retail capitulated.

DeFi Activity Collapses 80%

Cardano’s DeFi footprint has gone in the opposite direction. Total value locked sits at $137 million, down…

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