Cardano whales now hold 67% of ADA supply in highest share since 2020

CoinDesk3h agoUpdated 2h ago
Cardano whales now hold 67% of ADA supply in highest share since 2020
Smart Read

Wallets holding at least one million ADA now control 25.09 billion tokens, the highest share since July 2020, even as Cardano's TVL has bled to $137 million from a December 2024 peak of $686 million, per Santiment and DefiLlama data....

Key takeaways

  • 1Cardano whales holding 1M+ ADA now control 67% of total ADA supply, the highest concentration since July 2020.
  • 2Cardano's TVL has collapsed 80% from $686 million in December 2024 to $137 million currently.
  • 325.09 billion ADA tokens are concentrated in whale wallets, indicating potential sell pressure or market control risks.

Coins in this story

ADA
₹0.277007
+5.80%

Why it matters

Extreme whale concentration raises concerns about market manipulation and liquidity risks for Indian retail investors. The simultaneous TVL collapse suggests declining developer activity and reduced confidence in Cardano's DeFi ecosystem.

Part of narrative
DeFi

Explore how DeFi is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.

Explore narrative

Related stories

Apple Mac M5 System Exploited With Anthropic's Claude Mythos AI, Researchers Claim
Decrypt11h ago60-word brief

Apple Mac M5 System Exploited With Anthropic's Claude Mythos AI, Researchers Claim

Researchers claim Apple Mac M5 systems were exploited using Anthropic's Claude AI model. The disclosure raises security concerns about AI-powered vulnerabilities in consumer hardware, potentially affecting crypto trading infrastructure relying on Apple devices. Bitcoin trades at $81,411 amid broader market volatility. Details remain limited on exploitation scope and mitigation strategies for Indian investors using affected systems.

NFL All Day Stops Issuing NFTs as Dapper Labs Signals Future Plans With League
Decrypt11h ago60-word brief

NFL All Day Stops Issuing NFTs as Dapper Labs Signals Future Plans With League

Dapper Labs said it has signed a new licensing agreement with the NFL as it discontinues the release of NFTs on its All Day platform....

Bitcoin Firm Strive Unveils Daily Dividend Payments for SATA Preferred Shares
Decrypt12h ago60-word brief

Bitcoin Firm Strive Unveils Daily Dividend Payments for SATA Preferred Shares

Strategy's Michael Saylor called Strive's impending shift to daily dividend payments "impressive."...

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.