Cardano holders continue to increase their holdings, with addresses holding over 1 million ADA tokens collectively holding approximately 67% of the circulating supply.

CoinFeed reported on May 17th that, according to Crowdfund Insider, recent on-chain data shows that wallets holding at least 1 million ADA tokens collectively hold approximately 25.09 billion ADA, representing about 67% of the total circulating supply—the highest level since July 2020. Despite a significant price drop of over 70% in the past nine months, these large holders continue to accumulate their ADA.