Holding over 1 million ADA addresses accounts for 67% of the total circulation, setting a three-year high

According to Crowdfund Insider, on chain data shows that wallets holding at least 1 million ADAs hold a total of approximately 25.09 billion ADAs, accounting for 67% of the total circulating supply, the highest level since July 2020. Despite a price drop of over 70% in ADA over the past nine months, these major players continue to increase their holdings.