Oh Dear! A Cardano Whale’s Hoard: 1.93 Billion ADA and Not a Word of Explanation!

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Pray tell, have you heard the latest tidings from the realm of Cardano? According to the ever-vigilant Cexplorer, the most prodigious of addresses holds a staggering 1.93 billion ADA. Quite the fortune, is it not? One can only imagine the proprietor of such a sum lounging in their drawing room, sipping tea, and scarcely noticing the weight of their digital coffers.

Cexplorer, ever the diligent chronicler, has shared a glimpse of the top ten addresses by ADA balance. And who should grace the first spot but this mysterious whale, with a balance that would make even the most seasoned investor blush. The first stirrings of this leviathan date back to five years and five months past, on the 18th of August, 2020. A full three years after Cardano’s debut in September 2017, mind you. At that time, ADA prices fluttered between $0.0869 and $0.0184-a mere trifle compared to the heights it would later achieve.

The largest Cardano address holds 1.93B $ADA. 🤯 🐳

Below are the TOP 10 addresses by $ADA balance.

– Cexplorer.io 🅰️ (@cexplorer_io) January 26, 2026

The following year, ADA soared to its zenith, reaching an all-time high of $3.10 on the 2nd of September, 2021. Yet, as is the way with such volatile affairs, the price retreated, leaving our whale’s resolve to be tested. Remarkably, the creature has remained steadfast, though it has been some 27 days since its last activity. One wonders if it is merely biding its time, or if it has taken a fancy to a prolonged repose.

Cardano Whales: A Study in Excess

According to Cexplorer’s data, Cardano whales-those holding between one million and five million ADA-command a total of 3.73 billion ADA, or 9.7% of the circulating supply. A tidy sum, to be sure, though one might question the wisdom of such concentration.

“Humpbacks,” as Cexplorer so whimsically terms them, hold between five million and twenty million ADA, controlling 2.97 billion ADA, or 7.7% of the supply. One can only imagine the parlors they frequent, discussing the latest fluctuations over brandy and cigars.

But it is the “Leviathans” who truly dominate, holding 20 million ADA and above. These behemoths, likely crypto exchanges, possess a staggering 17.52 billion ADA, or 45.6% of the circulating supply. One shudders to think of the power they wield, though one supposes it is all in a day’s work for such titans of industry.

Recent Developments in the Cardano Sphere

In other news, Cyber Hornet has filed for an S&P Crypto 10 ETF, which may well become the first S&P-linked spot basket to include Cardano. A bold move, indeed, though one wonders if it will capture the imagination of the investing public.

FluidTokens, ever the innovator, is entering the final phase of its Bitcoin Cardano bridge. In a recent tweet, they revealed that the Bifrost GitHub documentation is nearing completion, with Bitcoin liquidity on Cardano poised to be unlocked. One can almost hear the collective gasp of anticipation from the crypto community.

ARK, not to be outdone, has filed for the ARK CoinDesk 20 Crypto ETF, which includes Cardano alongside BTC, XRP, ETH, SOL, and others. The ETF is expected to trade on the NYSE, pending regulatory approval. One can only hope that the powers that be will look favorably upon this endeavor, though with regulators, one never quite knows.

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2026-01-26 20:36