Recent on-chain data indicates that Cardano sharks and whales are strategically accumulating assets amid a market downturn, pushing their holdings to unprecedented levels.
Record Holdings Among Cardano’s Largest Wallets
According to a recent post by the analytics firm Santiment, the number of Cardano wallets holding at least 1 million ADA tokens has reached an all-time high. These wallets, referred to as “millionaire wallets,” collectively hold significant power in the market due to their large stakes, currently valued at approximately $262,400 each at the prevailing rates.
The accumulation trends among these larger investors are invaluable to watch, as they can heavily influence the overall market sentiment. Understanding their behavior can provide insights into future market movements.
The chart shared by Santiment illustrates the growth trajectory of these millionaire Cardano wallets over the last several years:
The data shows a steady uptrend in wealth accumulation by these wallets since December 2023. Although the broader cryptocurrency market experienced growth during 2024 and 2025, it is notable that these major holders have continued to buy during the subsequent market decline starting in late 2025. Santiment states:
“Despite experiencing a 71% loss in market cap over the last nine months, the ‘millionaire’ tier of sharks and whales appears willing to acquire more tokens while prices are favorable.”
As of now, the total amount held by these millionaire wallets stands at over 25.09 billion ADA, marking an all-time high. However, while the total tokens are at a record, the share of total supply controlled by these holders has decreased, currently accounting for about 67.47% of the cryptocurrency’s supply, which is lower than the levels reached in 2020.
Current Trends in Bitcoin Holdings
In a similar vein, recent data also points to increased holdings among Bitcoin sharks and whales, as highlighted in another Santiment post. This group includes wallets with between 10 to 10,000 BTC.
The analysis reveals that these significant investors have added 50,241 BTC to their possessions over the last month, showcasing a 0.37% increase in their holdings.
Conversely, smaller investors holding less than 0.01 BTC have collectively divested 29 BTC during the same timeframe. Santiment remarks, “The ideal market scenario usually sees larger stakeholders continue to grow their holdings while smaller investors exhibit cautious behavior.”
Current Cardano Price Overview
As of the latest figures, Cardano is trading at approximately $0.264, reflecting a decline of 1.9% in the last 24 hours.
