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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong

Cardano’s Oldest Holders Are Moving Again — Here’s What The Data Shows

Christian Encila
Christian Encila
Last Updated: June 11, 2026 6:00 am
3 mins read
Cardano

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About 16 million ADA left exchanges for self-custody wallets in a single 24-hour window, according to Coinglass spot flow data — a shift that points to quiet Cardano accumulation while prices remain under pressure.

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Cardano: Big Move Off Exchanges

Coinglass data shows that Cardano spot inflows over that period came in at $30 million, while outflows hit $32.62 million, producing a net exchange flow of -$2.54 million. At ADA’s current price of $0.16, that gap translates to roughly 16 million tokens moving away from exchanges.

That exodus from trading platforms follows a separate but related development flagged by market intelligence platform Santiment on June 10. Data from Santiment showed that wallets holding ADA for extended periods had begun moving their coins again after months of relative quiet — a shift captured through two on-chain metrics: Mean Dollar Invested Age and Age Consumed.

✍️ TL;DR: Large dormant Cardano wallets moving, signs of bounces arising
📊 Metrics Used: Mean Dollar Invested Age, Age Consumed
🔗 Link to chart: https://t.co/CIT6gOeNQe

😮 Cardano’s on-chain age metrics have started showing unusual behavior the past several days. $ADA’s Mean… pic.twitter.com/ktUy3ncu5E

— Santiment Intelligence (@SantimentData) June 10, 2026

What The Data Actually Shows

Mean Dollar Invested Age tracks the average age of capital sitting in ADA wallets. The metric had been climbing steadily since early May, reflecting a prolonged period in which coins were not changing hands. That upward trend stalled for the first time in five weeks during the first week of June.

At the same time, Age Consumed — which measures how many tokens were moved and how long they had been sitting idle before moving — registered several sharp spikes between June 4 and June 9. The largest of those came on June 9, making it the biggest such burst since April.

Cardano market cap currently at $5.91 billion. Chart: TradingView

When the two readings are taken together, Santiment says they suggest older holders are re-entering the market after a long stretch of inactivity. The platform linked the timing of the activity directly to the recent price slide, noting that the correction appears to have prompted longer-term participants to act.

Dormant Holders And What Usually Follows

ADA has fallen more than 80% from its cycle high of $1.30, and selling pressure has continued to push prices lower in recent weeks. Historically, sharp rises in Age Consumed alongside a plateauing Mean Dollar Invested Age have tended to appear near turning points in price direction.

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Santiment stopped well short of calling a recovery certain. The platform said such conditions could support a price rebound, while also acknowledging that dormant wallet movements do not always signal buying — they can reflect distribution just as easily as repositioning.

What sets the current reading apart, according to Santiment, is that the largest spike in months arrived right as prices were hitting new lows.

Featured image from Cabo Adventures, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

Christian Encila is a journalist, editor, crypto analyst, and virtual assistant focused on storytelling, financial markets, and digital media. He blends strong writing skills with in-depth analysis, turning complex information into clear, accessible insights.

Read more

His writing began in college as a feature writer for his school publication, building research and storytelling skills. He later worked as an editor at a data engineering firm, gaining recognition for writing and discipline.

He expanded internationally in Canada and South Korea, then returned to the Philippines for a decade in a major newsroom. There he became a senior news writer and editor, simplifying complex topics for broad audiences.

He later moved into cryptocurrency journalism as a crypto analyst and market expert at NewsBTC, covering trends and blockchain developments. Alongside writing, he works as a Virtual Assistant supporting editorial operations, workflows, and coordination tasks.

Outside work, he enjoys motorbikes, riding a Yamaha R3, preferring relaxed coastal rides. He spends time with two cats and a dog, and unwinds with coffee, Filipino food, and occasional rum while watching comedy films.

His career blends journalism, analysis, and support roles, reflecting adaptability across media, markets, and digital content production in modern newsroom environments and remote work settings globally.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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