454.7 million ADA tokens flowed into large wallets within two months, and Cardano's holding concentration increased to 67.5%

January 27 News, significant changes are occurring in the on-chain fund structure of the Cardano network. According to data disclosed by Santiment, over the past two months, large wallets holding between 100,000 and 100 million ADA have cumulatively increased their holdings by approximately 45.47 million Cardano tokens, while retail investors have continued to reduce their positions during periods of price weakness. This divergence in funds is triggering a new wave of market attention on Cardano’s price trend.

Data shows that as of January 2026, these whale wallets’ share of the circulating supply of Cardano has risen from 66.3% to 67.53%, with a total holding of about 24.33 billion ADA. This indicates that an increasing amount of Cardano chips are being concentrated in the hands of a few long-term investors. In stark contrast, small wallets holding 100 ADA or less sold about 22,000 tokens in the past three weeks, with their share of the circulating supply dropping to 0.121%.

This structural change is seen by the market as an important signal. In the cycle of crypto assets, whales often position themselves early during bearish sentiment, while retail investors are more easily forced to exit amid volatility. The current trend of Cardano aligns closely with this classic pattern: when prices are under pressure, large funds quietly accumulate.

As a proof-of-stake blockchain ranked among the top by market capitalization, Cardano experienced a correction from late 2025 to early 2026 that synchronized with the overall crypto market. However, on-chain data indicates that some high-net-worth investors still maintain strong confidence in ADA’s long-term value. This low-level concentration usually suggests an improving market chip structure, and once macro sentiment warms or funds flow back, price elasticity could be amplified.

Many analysts believe that the continuous buying by Cardano whales does not necessarily mean an immediate short-term rise, but it often serves as an important precursor to medium-term trends. Historically, most mainstream cryptocurrencies tend to undergo a noticeable revaluation phase after large funds complete their accumulation.

In the current environment, Cardano’s price movement depends not only on the overall market direction but is increasingly influenced by changes in on-chain holdings. As more ADA flows from retail investors to long-term holders, the circulating supply pressure is decreasing, accumulating potential momentum for a future rebound.