Cardano Whale Wallets Reach Four-Month Peak Amid Downturn

Large Cardano (ADA) holders have reached a four-month high of 424 wallets, each containing over 10 million tokens. This increase in whale wallet count comes as ADA's price remains near multi-month lows at $0.24.

This is roughly 11% above the token's 2026 low set on February 5. Despite this uptick in large-holder activity, ADA has not diverged from the broader altcoin downturn.

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