On-chain data shows the Cardano addresses with at least 1 million tokens have seen their combined holdings hit the highest point since 2017.
Large Cardano Holders Have Continued To Accumulate RecentlyAddresses or investors are divided into these cohorts based on the number of coins that they are carrying in their balance. The 1 to 10 coins group, for instance, includes all holders carrying between 1 and 10 ADA in their balance.
In the context of the current discussion, the range of interest is the one with a lower bound of 1 million ADA and no upper bound. At the current exchange rate of the cryptocurrency, the cutoff for the group converts to about $230,000. This is a substantial amount, so only the investors with a notable amount of capital would fall inside this range.
Below is the chart shared by Santiment that shows the trend in the Supply Distribution for these Cardano millionaire wallets over the past decade.
When key stakeholders accumulate, this is generally a sign of confidence from the groups that are most deeply invested and have the most to gain/lose.
Interestingly, the upward trajectory in the Supply Distribution of the millionaire wallets has maintained despite the bearish shift that the cryptocurrency sector as a whole has faced since Q4 2025. Thus, it would appear that the price drawdown hasn’t dissuaded large investors from accumulating the altcoin.
Following the latest continuation to the metric’s uptrend, its value has reached the 25.11 billion tokens mark. This is the most amount of Cardano that 1 million+ ADA investors have held since December 2017. In terms of supply percentage, these key holders currently control 64.49% of all coins in circulation, the highest share since July 2020. “As a long-term indicator, this is a bullish signal for those who can be patient enough to hold,” said the analytics firm.
ADA PriceAt the time of writing, Cardano is trading around $0.23, down nearly 6% over the past week.
