Santiment said that Cardano’s large wallets continue accumulating ADA despite a steep market decline. According to the post, wallets holding at least 1M ADA now control about 67.5% of total supply.
🐳 Wallets with at least 1 million Cardano now collectively hold 25.11B $ADA, their highest amount since December, 2017. They are back up to 67.49% of the supply held, their highest level since July, 2020.
👍 When key stakeholders accumulate, this is generally a sign of… pic.twitter.com/S2MlIH3pB5
— Santiment Intelligence (@SantimentData) May 27, 2026
The data affects ADA traders because it shows major holders adding exposure while the asset remains under pressure. Santiment framed the move as continued accumulation by millionaire-tier wallets, suggesting large holders are buying into weakness rather than exiting.
The next point to watch is whether this concentration strengthens or becomes a risk if market weakness continues. For now, the signal remains an on-chain ownership trend, not a confirmed indicator that ADA’s price decline is over.
Source: Santiment official X account.
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