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

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.
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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.
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