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Decentralized? 10% Cardano Whale Controls 94% Of All ADA in Supply -Breaking

by Mike Robinson

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Decentralized? 10% Cardano Whale Controls 94 Percent of the ADA Supply

The market has been manipulated for years by whales. These crypto wallets hold large quantities of one particular cryptocurrency. The statement about 94% accuracy can be found in the case involving.

According to data from Coin Metrics, the top 10% of Cardano whales hold a massive 94% of all Cardano (ADA) – 31 billion ADA out of the total 33.43 billion coins – currently circulating in the market.

How Did Cardano Get Here?

Cardano, one of the top networks of 2021, completed Alonzo’s network upgrade. This brought Cardano into an age smart contracts, defi, and dApps.

The Cardano network provided updates that showed that the whales were continuing to acquire ADA, rather than selling their coins.

Cardano is held by the top 10% of all addresses (ADA). Source: Coin Metrics

At the beginning 2021, 30 billion ADA dollars were held by the top 10% Cardano address holders. These addresses now hold over 1 Billion ADA coins, an increase of 3%.

To The Flipside

  • Cardano, (ADA) will likely rally up to 30% as it seems to have formed a classic bullish reversal trend.

Why you should care

Despite a chaotic 2021 for crypto, Cardano whales remain unmoved. They believe that ADA can emerge despite the turbulent environment.

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