According to Crowdfund Insider, on-chain data shows that Cardano whale addresses holding at least 1 million ADA now collectively hold approximately 25.09 billion ADA, accounting for about 67% of the circulating supply—the highest level since July 2020. The report states that since the end of 2023, whale addresses have been steadily accumulating; even though ADA has dropped more than 70% over the past 9 months, these addresses have continued to expand their positions. Meanwhile, Cardano's TVL has decreased from around $686 million in December 2024 to approximately $137 million, with DEX daily trading volume at about $2 million, indicating that whale accumulation is occurring alongside a decline in on-chain activity. https://(wublock123.com)/news/cardano-whale-concentration-hits-highest-since-2020-holding-25-09-billion-ada-61199