The price of Cardano (ADA) has fallen 3% to $1.15 over the past week and the altcoin is currently the 9th largest digital currency in the market.
All categories of investors, including whales, have taken advantage of the recent drop in the value of the altcoin.
Notably, the addresses of ADA holders hold from 1 million to 10 million coins. Popular analyst Ali Martinez reported last week that since March last year, the number of such wallets has grown by another 42.
According to IntoTheBlock, long-term investors or hodlers bought the recent dip and built up their holdings in Cardano considerably.
There are 5.09 million addresses registered on the blockchain with different amounts of cryptocurrency. Since the beginning of the year, this number of non-zero ADA wallets has increased by 48.8%.
