Substantial portion of ADA held by a large number of smaller investors
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As of July 2024, Cardano's ADA cryptocurrency exhibits a decentralized distribution among its holders. Retail investors possess approximately 71.64% of the circulating supply, equating to about 25.41 billion ADA. Investors, defined as addresses holding between 0.1% and 1% of the supply, account for 19.89%, or 7.06 billion ADA. In contrast, whale addresses—those holding more than 1% of the supply—collectively own only 8.47%, or 3 billion ADA.
Notably, a single address holds over 1 billion ADA, representing approximately 4.83% of the circulating supply. The identity of this holder remains undisclosed, though some speculate a potential association with the Cardano Foundation.
This distribution indicates a significant level of decentralization within the Cardano ecosystem, with a substantial portion of ADA held by a large number of smaller investors. Such a structure can contribute to a more stable and resilient network, reducing the risk of market manipulation by a few large holders.