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Cardano whales hold 67% of ADA amid 71% price drop, signaling long-term accumulation despite weak DeFi activity.

Technical Signals
15 May 2026
Benzinga
View Source
Neutral
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Cardano whales now control 67% of ADA supply, the highest since 2020, after accumulating through a 71% price crash over nine months. Despite this, Cardano's DeFi activity has collapsed 80%, with total value locked dropping from $686 million to $137 million. The token trades at $0.27 with a market cap of $9.96 billion and is among the worst performers in the top 10 cryptocurrencies. The accumulation by large holders during the downturn suggests they anticipate a recovery, even as on-chain activity remains low. Cardano is currently testing key technical support levels, indicating a potential breakout or further downside.

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