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The volume of ADA coins accumulated by large investors has been revealed
Despite the decline in the price of ADA, which traded above $0.40 at the beginning of the month and then fell to $0.35, large investors are seeking to hold as much of this asset as possible. Owners of addresses holding between 100,000 and 100 million ADA have accumulated 454.7 million ADA, making purchases worth $161.4 million since the end of November. Small retail investors holding less than 100 ADA each, on the contrary, have sold a total of 22,000 Cardano coins worth about $7,810 over the past three weeks.
Santiment stated that periods when large holders accumulate altcoins while retail investors sell them often precede market recoveries. Typically, large investors seek to strengthen their positions in an asset and absorb coins while prices remain low. If the situation in the crypto market stabilizes, the accumulation of ADA by large holders could lay the groundwork for a potential rebound of the altcoin, Santiment analysts suggested.
A similar pattern was observed in late autumn. From November 7 to November 10, large Cardano holders accumulated 348 million ADA — about 0.94% of the circulating supply. During that time, ADA showed moderate growth, rising from $0.531 to $0.593.
In November, the Cardano blockchain was attacked for the first time in its eight-year history, splitting the network into two separate chains. The incident was caused by an incorrect delegation transaction that bypassed validation checks on newer node versions.
See also: "Bitcoin price today: rises above $89,000 ahead of the Fed decision"
