5 million ADA snatched by top BNB investor ADA BNB whalestats Cardano CardanoCommunity
Large holders, or whales, are typically known to use periods of dip and consolidation to accumulate their favorite tokens at a discount. ADA seems to be seeing pressure from mid-term holders.'s holder composition by time held, only 7% of ADA holders have kept their tokens for more than a year, while 71% have kept them for between one and twelve months, and 22% have kept them for less than a month.
Despite the lull in ADA's price action, the Cardano blockchain has seen substantial growth over the last year. The blockchain recently reached a milestone of three million wallets. Since late 2020, according to Kraken's latest report, network activity has increased dramatically, as well as adoption. , the first decentralized exchange built on Cardano, recently launched on the blockchain's mainnet. MELD, a noncustodial banking protocol, SpaceBudz, a non-fungible token platform, and Nami, a wallet extension, are among the most well-known Cardano projects.
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