ADA whales and small to medium-sized investors have reduced their ADA holdings in the past few months. On-chain assessments suggested that most ADA holders were logging losses on their holdings at press time. According to a report from Santiment, small to medium-sized investors holding between 10,000 and 1,000,000 Cardano [ADA] coins have become hesitant to accumulate
![Cardano [ADA] holders will not gain without short-term pain, here’s why](https://images.cryptocompare.com/news/default/ambcrypto.png "Cardano [ADA] holders will not gain without short-term pain, here’s why")
