- Despite a 35% decline in Cardano's market value over the past four months, the number of #wallet addresses holding more than 100,000 #ADA has reached a 16-month high.
- Current count stands at 25,294 wallet #addresses with over 100,000 ADA, indicating large holders are unaffected by market decline.
- Large traders' confidence in Cardano is evident through this increase in the number of large wallet addresses.
- Despite negative market sentiment, major #traders exhibit continued belief in Cardano's long-term potential.
- Monitoring this trend and overall #market sentiment will provide insights into Cardano's price movements and potential growth.
- Investors should closely watch these metrics for making informed decisions regarding Cardano investments.
