Cardano has reached a notable milestone with long-term holders now comprising nearly 40% of its total supply. This achievement, unrelated to ADA’s price, indicates growing faith in the project’s long-term prospects.
Recent data shows that 72% of ADA addresses have held their tokens for over a year, classified as “hodlers.” This trend suggests increasing confidence in Cardano’s ecosystem and developing use cases.
The network continues to demonstrate robust on-chain activity, processing around $7.2 billion in daily transactions. This high volume, combined with other technical indicators, hints at the potential undervaluation of the asset.
Meanwhile, the Cardano community is anticipating the Chang #1 hard fork, set to introduce governance features. Progress reports indicate that a majority of stake pool operators have already upgraded to the required version, bringing the network closer to this significant update.
As Cardano’s ecosystem expands, the rising proportion of long-term holders reflects a strong belief in the project’s roadmap and its future role in the evolving cryptocurrency landscape.
Cardano Reaches Milestone: Long-Term Holders at ATH
