Analysts interpret that it is “a sign of confidence on the part of groups with greater capital.”
This could be a long-term bullish signal, according to Santiment.
Wallets holding at least one million cardano (ADA) have reached their highest accumulation level since December 2017. These addresses registered this mark yesterday, May 27, by collectively concentrating 25.11 billion units of the cryptocurrency. Measured in fiat money, 1 million ADA is equivalent to $230,000 at the time of this publication.
Large investors already controlled 25.09 billion ADA together on May 14, as reported by CriptoNoticias. This trend continued to increase steadily. reaching 67% of total supply, its highest level since July 2020.
The graph from the analysis firm Santiment shows thatafter a peak between 2017 and 2018 where they controlled almost 85% of the supply, their participation decreased significantly. A strong rally was then recorded in 2021, followed by consolidation and a new clear uptrend from 2023 to the present.
“When major stakeholders accumulate, this is generally a sign of confidence from groups that are more deeply invested,” Santiment explained. The firm added that these players “have the most to gain/lose” and that “this is a bullish sign for those who can be patient enough.”
Such accumulation grew steadily as the price of ADA fell to $0.2298 today. This price is 92% below its historical maximum reached in 2021, when the token touched $3 per unit in the markets.
Cardano would be in a good long-term accumulation zone, says analyst
The market analyst who identifies himself as Mr. CryptoCeek explained that “ADA continues to trade below key moving averages as sellers remain in control.”
Because of this, “the market is waiting for a breakout signal,” he says. The bears (sellers) are targeting the critical support of $0.22, a minimum level that would stop price declines, in their opinion.
For their part, recovery attempts continue to be sold immediately. Bulls (buyers) need to regain ground above moving averages to stabilize and overcome the resistances located between 0.25 and 0.31 dollars per unitcomments the analyst.
Faced with this scenario of uncertainty, Mr. CryptoCeek stated that “ADA is approaching an important turning point.” The analyst concluded by noting that “patience is critical at this level,” as the price is approaching a decisive moment where the direction of the next movements could be defined.
A technical expansion in Cardano attracts investors
This purchase process coincides with the technical expansion of the Cardano ecosystem through midnighta sidechain or secondary network focused on privacy, as reported by CriptoNoticias.
This network began its public deployment between March and April 2026, after its initial launch in December 2025. Midnight uses zero-knowledge proofs, a technology that validates transactions without revealing private data. This allows smart contracts to be executed with greater control over the shared data.
In this way, the recent approval of the Developer Experience Initiative of Cardano yesterday, May 26. This infrastructure proposal was approved through a decentralized treasury vote with 67.90% votes in favor. The measure received the support of 3.72 billion ADA and faced an opposition of 32.10%, equivalent to 1.76 billion ADA against.
The initiative consists of a six-month program to optimize tools, documentation and the incorporation of programmers. The plan seeks achieve a more than 30% improvement in developer growth rate assets within the Cardano network.
Increased holding by large investors reduces the amount of ADA available for sale. This implies a floor of confidence that stabilizes the ecosystem against price drops and strengthens long-term technological development.