According to Santiment, the total ADA holdings of wallets holding over 1 million ADA reached 25.11 billion ADA, reaching their highest level since December 2017. The ADA supply share of these large holding addresses is currently 67.49%, the highest level since July 2020. Santiment analyzed that the continuous accumulation by major stakeholders is a signal of market confidence and can be interpreted as a bullish indicator in the long term.
