Wallets with more than one million Cardano (ADA) currently hold 25.09 billion tokens, the highest supply concentration since July 2020. The SuperTrend technical indicator has issued a buy signal on the daily chart for the first time following a 73% drop in the asset's price.
Cardano founder Charles Hoskinson said Monero represents the kind of privacy-preserving cryptocurrency Bitcoin might have become if stronger cryptographic tooling had been available at the time, praising the project's technical design and its refusal to dilute its cypherpunk principles.
Cardano wallets holding at least 1M ADA now control 25.09B tokens. According to Santiment, these large wallets now hold 67.47% of ADA's existing supply, even as the asset's market cap has fallen 71% over the past nine months.
The Cardano price has remained under strong bearish pressure for a prolonged period despite ongoing market volatility. ADA is down nearly 2.7% over the past 24 hours, trading around $0.265 and continuing to underperform the broader crypto market.
Cardano trades near $0.265 as Ali sees a buy signal, whales hold 67.47% of ADA supply and bulls defend the key $0.25 support.
Cardano has delivered an 11% rally since May 2026 began, propelled by two critical catalysts: favorable developments surrounding the U.S. CLARITY Act and sustained buying from institutional-sized wallets. While the upward momentum is notable, ADA continues trading within a defined range on shorter timeframes without a decisive breakout confirmation.
Charles Hoskinson, Cardano founder, pushed back strongly against claims that Cardano had “abandoned scaling in favor of governance.”
Fireblocks integrates RAW signing with Iagon's Cardano nodes, enabling institutional ADA custody, staking, and governance access.
Cardano's decentralization bid puts the veteran altcoin back in focus, but buyers haven't stepped in aggressively yet.
Cardano and Ethereum co-founder Charles Hoskinson has argued that everyday smartphones could provide stronger protection for digital assets than many traditional hardware wallets.
Cardano has just passed an important technical milestone with the arrival in testing of five new Plutus primitives. Behind these additions, the network is primarily preparing its van Rossem hard fork, designed to make smart contracts faster, cheaper, and more flexible.
Cardano is set to introduce new Plutus primitives as defined in five CIPs, which are CIP-109 | Modular Exponentiation Built-in for Plutus Core; CIP-132 | New Plutus Builtin dropList; CIP-133 | Plutus support for Multi-Scalar Multiplication over BLS12-381; CIP-138 | Plutus Core Builtin Type - Array; CIP-153 | Plutus Core Builtin Type - MaryEraValue.