Cardano Whale Wallets Reach Four-Month High Amid Price Slump

The number of large Cardano (ADA) holders has reached a four-month high of 424 wallets, each containing more than 10 million tokens. This increase in whale wallet accumulation comes despite ADA's price remaining near multi-month lows.

According to Santiment, the whale wallet count rose by 5.2% over nine weeks. Meanwhile, ADA trades at around $0.24, roughly 11% above its 2026 low of $0.22 set on February 5.

The asset has dropped almost 42% in three months and about 53% over the past year. It now sits 92% below its all-time high of $3, reached four years ago.