Invest ideasNews
29 May 2026, 07:00
Cardano Millionaire Wallets Reach Highest ADA Holdings Since 2017
On-chain data shows the Cardano addresses with at least 1 million tokens have seen their combined holdings hit the highest point since 2017. Large Cardano Holders Have Continued To Accumulate Recently In a new post on X, on-chain analytics firm Santiment has discussed the latest trend in the Supply Distribution of the large Cardano investors. The “Supply Distribution,” here refers to an indicator that tells us about the amount of ADA supply that a given wallet group is holding right now. Related Reading: XRP Flashes TD Sequential Buy Signal, Analyst Eyes Rebound Addresses or investors are divided into these cohorts based on the number of coins that they are carrying in their balance. The 1 to 10 coins group, for instance, includes all holders carrying between 1 and 10 ADA in their balance. In the context of the current discussion, the range of interest is the one with a lower bound of 1 million ADA and no upper bound. At the current exchange rate of the cryptocurrency, the cutoff for the group converts to about $230,000. This is a substantial amount, so only the investors with a notable amount of capital would fall inside this range. Below is the chart shared by Santiment that shows the trend in the Supply Distribution for these Cardano millionaire wallets over the past decade. As is visible in the graph, the Cardano supply held by the 1 million+ ADA wallets has been following an uptrend since 2024, indicating that entities like the sharks and whales have been loading up on the asset. As Santiment noted: When key stakeholders accumulate, this is generally a sign of confidence from the groups that are most deeply invested and have the most to gain/lose. Interestingly, the upward trajectory in the Supply Distribution of the millionaire wallets has maintained despite the bearish shift that the cryptocurrency sector as a whole has faced since Q4 2025. Thus, it would appear that the price drawdown hasn’t dissuaded large investors from accumulating the altcoin. Following the latest continuation to the metric’s uptrend, its value has reached the 25.11 billion tokens mark. This is the most amount of Cardano that 1 million+ ADA investors have held since December 2017. In terms of supply percentage, these key holders currently control 64.49% of all coins in circulation, the highest share since July 2020. “As a long-term indicator, this is a bullish signal for those who can be patient enough to hold,” said the analytics firm. Related Reading: Bitcoin Pulls Back, But Futures Traders Turn Bullish: Long Squeeze Setup? Though, while accumulation from Cardano sharks and whales has been pretty consistent for a while now, the indicator could still be to keep an eye on. From the chart, it’s apparent that the indicator showed a similar trajectory during the 2022 bear market, until the large holders participated in a selloff that took the coin to its lowest levels for the cycle. ADA Price At the time of writing, Cardano is trading around $0.23, down nearly 6% over the past week. Featured image from Dall-E, chart from TradingView.com
29 May 2026, 07:00
CZ Says He Would Have Blocked U.S. Users From Binance Day One
Binance founder Changpeng Zhao said in a May 2026 interview that he would have blocked U.S. users from day one and built two separate platforms, calling it his biggest regret. He also said earlier investment in KYC and compliance would have prevented most of Binance's legal problems.
29 May 2026, 06:57
VanEck launches world’s first spot BNB ETF with 0.39 fee
🚀 The first-ever spot BNB ETF, VBNB, starts global trading. Investors can buy $BNB directly via VanEck’s regulated fund. 😮 Critical data: The fund charges a 0.39 percent annual fee and secures assets in cold storage. Continue Reading: VanEck launches world’s first spot BNB ETF with 0.39 fee The post VanEck launches world’s first spot BNB ETF with 0.39 fee appeared first on COINTURK NEWS .
29 May 2026, 06:51
Sui Network Recovers After 6-Hour Mainnet Outage, SUI Drops 6.6% as P2P.org Launches Validator Data Stream
Sui News The Sui mainnet resumed full operations early Friday after a nearly six-hour halt triggered by a crash bug in the gas charging logic introduced through the layer-1's 1.72 release. Engineer...
29 May 2026, 06:49
Ethereum Slips Under $2,000 as Bit Digital Adds 8,568 ETH and Standard Chartered Reaffirms $4,000 Target
Ethereum News Bit Digital has lifted its corporate treasury to roughly 158,462 ETH after deploying $20 million into the market earlier this month, acquiring 8,568 tokens on May 11 at an average pri...
29 May 2026, 06:48
Bitcoin Holds Near $73.5K as Whales Mirror 2022 Bear, $9B Options Expiry Looms
Bitcoin News Bitcoin is trading near $73,500 after sliding roughly 6% over the past week, refusing to rally even as global equities printed fresh records and Brent crude collapsed more than 18% in ...
