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Cardano Rebounds 24% to $0.181 as Large Holders Accumulate ADA on July 9

On-Chain Data Price Volatility

2026-07-09 10:02:20

ADA0.95%

According to IBTimes US and on-chain firm Santiment, Cardano (ADA) rebounded roughly 24% in the week after its June 23 bottom, trading near $0.181 on July 9. Large wallet holders—the 10 million to 100 million ADA cohort—increased their share of circulating supply from 37.66% to 38.13% in late June, while wallets holding 1 million or more ADA now control 67.5% of total supply, the highest concentration since 2020. The June 23 low coincided with Cardano's launch of the Leios Musashi Dojo testnet, a scaling upgrade targeting roughly 60x throughput increase, with mainnet deployment planned for later in 2026.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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