Cardano's Market Stagnation: Could Whale Accumulation Lead to a Supply Shock?
— Coinpedia
Cardano's market stagnation carries the potential for a supply shock.
Analysts suggest that Cardano's current market stagnation could lead to a supply shock as whale wallets continue to accumulate ADA.
- According to Santiment data, wallets holding at least one million ADA control approximately 25.09 billion tokens, or 67.47% of the total supply.
- Retail traders are growing impatient with slow price action while whales continue to accumulate ADA quietly.
Whale accumulation may increase supply consolidation, potentially paving the way for a supply shock that could impact price dynamics.