{"id":14424,"date":"2024-06-17T15:27:57","date_gmt":"2024-06-17T12:27:57","guid":{"rendered":"https:\/\/forklog.com\/en\/on-chain-data-reveals-only-25-of-ada-holders-are-profitable\/"},"modified":"2024-06-17T15:27:57","modified_gmt":"2024-06-17T12:27:57","slug":"on-chain-data-reveals-only-25-of-ada-holders-are-profitable","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/on-chain-data-reveals-only-25-of-ada-holders-are-profitable\/","title":{"rendered":"On-Chain Data Reveals Only 25% of ADA Holders Are Profitable"},"content":{"rendered":"

Cardano’s native token has declined nearly 10% over the past week, reaching $0.4. At this price, only 25% of holders are in profit, according to data from IntoTheBlock<\/a>.<\/p>\n

\"On-Chain
ADA token metrics. Data: IntoTheBlock.\u00a0\u00a0<\/figcaption><\/figure>\n

28% of the total ADA supply is held by large investors. The coin exhibits a moderate level of whale control, which could affect price stability and potential manipulation risks.<\/p>\n

The majority (~70%) of ADA holders have kept their assets for over a year, ~27% hold the token for 1-12 months, and the remaining 3-4% for less than 30 days.\u00a0<\/p>\n

Over the past week, the volume of large transactions (>$100,000) reached $34.76 billion.\u00a0<\/p>\n

Meanwhile, the average number of network transfers per month has decreased. On May 17, the figure was around 48,000, but by June 16, it had fallen to 30,000.<\/p>\n

\"On-Chain
Monthly transaction count in Cardano. Data Cardano.Explorer<\/a>.<\/figcaption><\/figure>\n

According to DeFi Llama<\/a>, Cardano’s total value locked (TVL) has been declining since mid-March. At that time, the blockchain’s TVL reached an all-time high of $490 million, but it has now fallen to $225 million.\u00a0<\/p>\n

\"On-Chain
Cardano TVL. Data: DeFi Llama.\u00a0<\/figcaption><\/figure>\n

ADA’s price fluctuates between high resistance points and low support levels.\u00a0<\/p>\n

\"On-Chain
Daily ADA\/USDT chart on Binance. Data: TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n

Each recovery attempt encounters significant resistance followed by a pullback. ADA’s correlation with Bitcoin stands at 0.68.\u00a0<\/p>\n

The asset’s market capitalization is $14.3 billion<\/a>. On CoinGecko’s ranking, the coin lost the 10th spot<\/a> to Toncoin (TON), which has a market cap of $18.8 billion.\u00a0<\/p>\n

In April, Cardano co-founder Charles Hoskinson revealed<\/a> two major network updates. The Chang hard fork, scheduled for the second quarter, will be the largest upgrade since the Vasil launch in September 2022.\u00a0<\/p>\n

Previously, Hoskinson and former BitMEX CEO Arthur Hayes debated<\/a> the blockchain’s utility, with Hayes describing the ADA token as “dog excrement.”\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Cardano’s native token has declined nearly 10% over the past week, reaching $0.4. At this price, only 25% of holders are in profit, according to data from IntoTheBlock. ADA token metrics. Data: IntoTheBlock.\u00a0\u00a0 28% of the total ADA supply is held by large investors. The coin exhibits a moderate level of whale control, which could […]<\/p>\n","protected":false},"author":1,"featured_media":14423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1401,1268],"class_list":["post-14424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cardano-ada","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14424"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14423"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}