HODL Waves
Cardano
HODL Waves visualize the age distribution of ADA supply, grouping coins by time since last moved.
Why it matters
They reveal accumulation and distribution dynamics across holder ages.
How it is built
Coins are bucketed by age and shown as percentage shares of total supply over time.
What to watch
Expanding older bands signal HODLing and maturation; swelling younger bands signal old coins distributing.