On-chain data shows the Cardano network has witnessed a surge in large wallets over the last couple of months, a sign that big-money hands have flowed in.
Cardano Wallets With More Than 10 Million Tokens Have Grown In CountInvestors are divided into these cohorts based on the number of tokens that they are carrying in their balance. The 1 to 10 coins group, for example, includes all addresses holding between 1 and 10 ADA.
Now, here is the chart shared by Santiment that shows the trend in the Supply Distribution of the Cardano whales over the last few months:
As displayed in the above graph, the Cardano Supply Distribution for the 10 million+ ADA holders has risen recently, suggesting that new large traders have joined the network.
Over the last nine weeks, the indicator has gone up by 5.2%, reaching a high of 424. This is the most number of whales on the ADA network since December 6th. Naturally, the larger presence of the whales can be bullish for the cryptocurrency. “Even though it has not decoupled from other altcoins yet in 2026, its market value is +11% since it bottomed out back on February 5th,” explained the analytics firm.
Though, while whales have have been flowing into the network over the last couple of months, the Supply Distribution could still be to keep an eye on, as it often doesn’t take much for a quick reversal to occur. From the chart, it’s visible that the metric saw a sudden plunge back at the end of January, coinciding with the market crash.
At the time of writing, Cardano is floating around $0.24, down more than 4% in the last 24 hours.
