Cardano Whale Holdings Reach 3.5‑Year High as Retail Wallets Trim Exposure

Large Cardano wallets holding between 100,000 and 100 million ADA now control more than 25.6 billion ADA – the highest level since February 2023 and about 67 % of the circulating supply. The increase comes as smaller retail wallets (under 100 ADA) have reduced their holdings by roughly 0.7 % over the past four months.

ADA is trading near multi‑year lows, around $0.1651, after breaking its $0.16 resistance into support on the 4‑hour chart. Analyst Nick Valdez notes the RSI is stuck in the mid‑40s, suggesting limited buying pressure and a possible retest of the $0.16 level before a bounce toward the $0.20 resistance. The November Leios upgrade and anticipated Cardano ETF approvals could further influence price.

Separately, Volvo Group has entered discussions with the Cardano Foundation on using blockchain to improve supply‑chain transparency and compliance, highlighting growing corporate interest in the platform.