Epic 89% of Cardano (ADA) Holders Remain Locked in Losses
Data recently unveiled by IntoTheBlock has illuminated a startling trend within the Cardano (ADA) community, revealing that a substantial 89% majority of ADA holders are grappling with losses. The data analytics firm's insights indicate that this sizable percentage of ADA holders find themselves "out of the money," signifying that their holdings are currently situated at a loss.
The disheartening figures paint a stark picture, with a staggering 3.95 million addresses — collectively possessing a substantial 27.3 billion ADA, which translates to approximately $7.9 billion at prevailing market rates — falling under the "loss-making" umbrella.
Cardano occupies the third spot among cryptocurrencies, boasting a market capitalization exceeding $1 billion when considering the ratio of holders facing losses versus those enjoying gains. Within Cardano's total market capitalization of $10.133 billion, only a modest $2.233 billion worth of ADA emerges victorious.
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Epic 89% of Cardano (ADA) Holders Remain Locked in Losses
Data recently unveiled by IntoTheBlock has illuminated a startling trend within the Cardano (ADA) community, revealing that a substantial 89% majority of ADA holders are grappling with losses. The data analytics firm's insights indicate that this sizable percentage of ADA holders find themselves "out of the money," signifying that their holdings are currently situated at a loss.
The disheartening figures paint a stark picture, with a staggering 3.95million addresses — collectively possessing a substantial 27.3 billion ADA, which tranU...
