Cardano’s 24% Rally Sees Wallet Numbers Shrink as Stronger Hands Accumulate

In a market where many altcoins continue to chop sideways, Cardano’s ADA has broken above $0.195 for the first time since July 4, posting a 24% market cap gain over the past week.

The move, highlighted in an on-chain update from Santiment, is not just a price spike – it’s accompanied by a curious drop in the number of non-empty wallets.

ADA’s standout performance puts it among the week’s top gainers, reminiscent of the sort of outlier moves tracked in Blockchain Reporter’s Top Crypto Gainers of the Week.

The On-Chain Divergence: Price Up, Wallet Count Down Santiment’s data shows 7,070 fewer non-empty ADA wallets compared with two months ago. That decline might normally signal fading interest, but it arrived as price climbed.