Cardano whales added 331 million additional ADA after collapse of FTX

According to on-chain analytics firm Santiment, Cardano’s key shark address tier now holds four billion ADA, accumulating 331 million more since the FTX implosion.

Addresses holding 10,000 to 100,000 ADA have added $83 million worth of coins since Nov. 7, when the FTX’s liquidity crunch came to light. According to Santiment, addresses with 10,000 to 100,000 ADA now hold their largest percentage of supply in 1.5 years, that is, since June 2021.