Cardano Large-Holder Balances Decline as Transactions Hit Record

Cardano’s ADA token traded near $0.234 on Oct. 13 after falling 15.7% over seven days, while large-holder balances declined and network transactions reached a record during Epoch 660. Large holders reduced their combined balances by more than 110 million ADA over five days. At $0.234, that amount had an estimated value of about $25.7 million, although the balance change does not establish that the tokens were sold on exchanges. The ADA may have moved between wallets, shifted among related addresses or been redistributed in other ways.