Cardano whales now hold 67% of ADA supply in highest share since 2020

Recent data reveals that wallets holding at least one million ADA tokens now control 67% of the total ADA supply, marking the highest concentration since 2020. Despite this accumulation, Cardano's total value locked (TVL) has significantly decreased, dropping to $137 million from a peak of $686 million in December 2024, according to Santiment and DefiLlama.