The cryptocurrency landscape, retail investors now hold a staggering 91% of the circulating supply of Cardano (ADA). This significant distribution highlights the growing influence of smaller investors in the Cardano ecosystem, overshadowing the impact of large whale addresses.
Cardano’s Supply Distribution: A Deep Dive
According to recent on-chain data from blockchain analytics firm Into The Block, Cardano’s circulating supply is heavily skewed towards retail and investor wallets, with a comparatively small proportion held by whales.·
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