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Key Takeaways
- 1M+ ADA wallets hold 25.09B tokens: all-time high, 67.47% of supply.
- Supply concentration highest since July 2020.
- SuperTrend flipped to buy on daily chart.
- Primary target $0.33, secondary $0.42, invalidation $0.25.
- SMA200 at $0.3441 sits above the $0.33 primary target and is the key level to clear.
What the accumulation data is measuring
Santiment’s on-chain data shows wallets holding at least 1 million ADA now collectively hold 25.09 billion tokens, an all-time high. That figure represents 67.47% of ADA’s current circulating supply, the highest concentration among this wallet tier since July 2020. The accumulation trend has been building since December 2023, meaning large holders have been consistently adding to their positions across a period during which ADA’s market cap fell 71%.
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