Big crypto investors have substantially increased their exposure to Cardano (ADA) over the past month, outpacing retail investors.
On-chain intelligence platform IntoTheBlock reports that between September 1 and 30, addresses holding between 100 million to 1 billion ADA saw a significant 30% increase.
Following this notable rise, there are now 13 addresses holding 100 million to 1 billion ADA tokens on average. Cumulatively, these wallets hold 3.07 billion ADA tokens, representing a 17% increase from their Cardano holdings last month.
Notably, no other category of Cardano holders experienced a comparable growth in both holder count and ADA token accumulation. In monetary value, their cumulative holding is approximately $1.2 billion.
It is worth noting that only just one address holds between 1 billion and 10 billion Cardano.
Some Whales Selling Cardano
Among other whale wallet categories, those holding between 100,000 to 1 million ADA saw a modest 0.34% increase in their count over the last 30 days. These addresses now amount to 21,660, collectively holding 5.69 billion ADA tokens.
Conversely, wallets that hold between 10 million to 100 million ADA saw a decrease of 3.05%, resulting in 381 addresses. This suggests that these holders liquidated some of their positions in September, although they still retain substantial holdings of over 12.08 billion ADA. Notably, this tier represents the largest distribution of Cardano tokens.
Moreover, wallets holding 1 million to 10 million also decreased last month, implying they sold some Cardano tokens.
Cardano Sharks See Slight Increase
Meanwhile, Cardano “sharks,” those holding between 10,000 to 100,000 ADA tokens, experienced a 0.13% increase in their count, bringing the total to 678,170 wallets. Cumulatively, they hold 4.32 billion ADA tokens.
Retail Investors Barely Increased Their ADA Holdings
On the retail side, the lowest holding tier—those with between zero to 100 ADA—saw a 0.68% increase last month. This brings their holdings to 44.51 million ADA tokens across 2.41 million addresses.
Notably, while this tier has the largest count of investors, they hold the least amount in cumulative ADA tokens.
The next largest group, those holding between 100 to 1,000 ADA tokens, experienced a 0.29% decrease last month, though their numbers remain significant at 1.19 million addresses. Cumulatively, they hold 457.38 million ADA tokens.
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