The accumulation of whales and the growth of their holders support Cardano's long-term strength

According to TapTools, the increasing use of Cardano has attracted long-term whale holders and their interest. Despite minor fluctuations, the total number of ADA holders ranging from one million to ten million currently stands at 2,384, a slight increase from the past two days. This group plays a key role in price direction due to its impact on market liquidity.

Recent Santiment data shows that although the number of whales has slightly decreased over the past week, there is a slight recovery underway. This change indicates the potential for a return of accumulation activity, with some high-net-worth investors increasing their positions. Continued whale interest may support future upward price movements.

Meanwhile, the circulating supply of Cardano is 35.34 billion, with a market capitalization of $22.64 billion. ADA maintains its position as the tenth largest cryptocurrency by market capitalization, according to CoinMarketCap.