According to Santiment, large ADA holders accumulated over $213 million in tokens despite a steep price drop, reflecting continued confidence in Cardano’s long-term prospects.
Santiment data indicates that wallets holding between 100,000 and 100 million ADA added 819 million tokens—worth about $213.9 million—over the past six months. The accumulation represents roughly 1.6% of Cardano’s circulating supply and occurred despite ADA’s price falling 71% from $0.90 to $0.26 since October 2025. This sustained buying by whales and mid-sized sharks during the downturn may signal longer-term confidence and strategic position averaging.