Cardano News: Despite 71% Price Crash, Millionaire Wallets Keep Adding ADA

Cardano price dipped 2% today and now trades around $0.26. That is in line with how the broader market is behaving – a dip across most crypto assets.

However, Santiment reported something encouraging for the ADA community. Let’s dig into this Cardano news.

• Santiment: ADA Millionaire Wallets Hit All-Time High, Now Hold 67.5% of Supply
• Other Cardano News: Fireblocks Integration and Hoskinson’s CLARITY Act Push
• ADA Price Outlook (Chart Analysis)
• ADA Price Predictions
• FAQs

Santiment: ADA Millionaire Wallets Hit All-Time High, Now Hold 67.5% of Supply

Santiment’s chart shows two key metrics. First, wallets holding at least 1 million ADA now collectively own 25.09 billion tokens. That is an all-time high. Second, those same wallets control 67.47% of Cardano’s total supply. That is the highest percentage since July 2020.

The chart tracks these metrics from early 2024 to May 2026. The green line (wallet holdings) climbs steadily from roughly 19.2 billion ADA in early 2024 to 25.09 billion today. The orange line (percent of supply) rises from ~60% to 67.47% over the same period. The blue line (ADA price) shows a peak near $0.90 in late 2025, then a sharp drop to current levels around $0.26 – a 71% decline in nine months.

Source: X/@SantimentData

Santiment notes that Cardano’s key stakeholders have slowly but consistently accumulated more of the existing supply since December 2023. Despite the massive price crash, “millionaire” tier sharks and whales appear content to add more while prices are at a discount.

The data shows strong conviction among large holders. They are not selling into the weakness. Instead, they are using the dip to increase their positions.

Other Cardano News: Fireblocks Integration and Hoskinson’s CLARITY Act Push

Digital asset infrastructure provider Fireblocks has integrated with Iagon’s enterprise Cardano nodes. This allows approved institutional clients to stake ADA, participate in on-chain governance, and manage native tokens directly within Fireblocks’ regulated custody and MPC framework. This significantly lowers the barrier to entry for institutions. More institutional access means more potential demand for ADA.

Cardano founder Charles Hoskinson publicly urged U.S. lawmakers to retain Section 604 in the proposed CLARITY Act. This provision shields open-source software developers from liability for third-party misuse of their code. This is a critical, long-term bullish factor for the Cardano ecosystem. Without such protection, developers might hesitate to build on Cardano. With it, innovation can thrive.

Related news around Cardano’s ecosystem: Why Cardano’s Midnight (NIGHT) Pumped 20%

ADA Price Outlook (Chart Analysis)

The second chart (from CryptoCompare) shows weekly MACD for ADA/USD.

• Current price: ~$0.26
• MACD line (blue): 0.000 (approximately)
• Signal line (orange): 0.000 (approximately)

Histogram: Small positive bars, trending upward from negative territory.

Looking at the data points from April to May 2026:

• April 17: MACD line near 0.245, signal near 0.000, histogram small positive.
• April 23: MACD line 0.255, histogram 0.020.
• April 26: MACD line 0.250, histogram 0.020.
• April 29: MACD line 0.240, histogram 0.010? (values approximate).
• May 2: MACD line 0.250, histogram around 0.020.
• May 5: MACD line 0.260, histogram 0.030.
• May 8: MACD line 0.270, histogram 0.040.
• May 11: MACD line 0.280, histogram 0.050.

Source: CryptoCompare.com

The MACD line has been rising steadily since mid-April. The histogram has turned positive and is expanding. This is early stage bullish momentum. The signal line (orange) is flat near zero but could cross above soon. A weekly MACD bullish cross would be the first since the 2025 highs.

Key support: $0.24 (recent low), then $0.20.

Key resistance: $0.30 (psychological), then $0.35, $0.40.

ADA Price Predictions

Below our are short, medium and long-term Cardano price predictions:

Short-term (1-2 weeks): Range between $0.24 and $0.30. MACD needs time to confirm. A breakout above $0.30 would target $0.35.

Medium-term (1-3 months): If CLARITY Act passes and broader market recovers, ADA could retest $0.50-0.60 by Q3 2026. Whale accumulation suggests patience, not panic.

Long-term (2027+): Fireblocks integration and institutional access could drive sustained demand. The 71% crash already priced in much of the bear market. If adoption continues growing and Cardano captures more institutional staking activity, ADA could revisit the $1.00 level over time, with bullish scenarios targeting the $1.50-2.00 range in a strong crypto cycle. More conservative projections would place ADA between $0.75 and $1.20 over the next few years.

Cardano’s price is down 71% from its highs, but millionaire wallets keep accumulating. They now hold a record 67.5% of supply. Fireblocks integration opens doors for institutions. Hoskinson fights to protect developers.

The weekly MACD is showing early bullish signs. ADA may be bottoming, but we’ll find out if this is true in the upcoming few weeks and months.

FAQs

 **Why are Cardano whales accumulating during a price crash❓**

Large holders see discounted prices as an opportunity. They have been adding steadily since December 2023, showing conviction that the long‑term value remains despite the 71% drop.

 **Will Cardano ever recover❓**

Yes, but it will take time. Key upgrades like Leios (1,000+ TPS) and growing institutional use (Archax, Monument Bank) provide a path back, though $3 all‑time highs are years away.

 ****Is Cardano still alive**❓**

Absolutely. Cardano leads in weekly development activity, has a mid‑2026 Leios mainnet target, and institutions keep integrating (Fireblocks, $80M ecosystem fund). The network is building, even if price is down.