The number of Cardano (ADA) holders is now 4.49 million, surpassing USD Coin (USDC) by more than a million, according to data published by Santiment. This growth places ADA among the most traded digital assets in the cryptocurrency world. At the time of writing this report, the trading price of Cardano was $0.6376.
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■• The accumulation of whales and the growth of its holders support Cardano's strength in the long term
According to TapTools, the increasing use of Cardano has attracted long-term whale holders and their interest. Despite slight fluctuations, the total number of ADA holders currently ranging from one million to ten million is 2,384, a slight increase from the past two days. This group plays a key role in the price trend due to its impact on market liquidity.
Recent Santiment data shows that although the number of whales has decreased slightly over the past week, there is a slight recovery underway. This change indicates the possibility of a return to accumulation activity, with some financially capable investors increasing their positions. Continued whale interest may support future upward price movements.
At the same time, the circulating supply of Cardano is 35.34 billion, with a market cap of $22.64 billion. ADA maintains its position as the tenth largest cryptocurrency by market cap, according to CoinMarketCap.
