Bitcoin Bulls Reap Massive Profits as Cardano Community Clings to Hope
Bitcoin holders are laughing all the way to the bank while ADA loyalists white-knuckle through another slump.
The king coin keeps printing generational wealth
BTC's relentless rally has turned early adopters into millionaires—again. Meanwhile, Cardano's "ethically decentralized" approach delivers... exactly the kind of mediocre returns you'd expect from academia trying to play Wall Street's game.
ADA's promise meets harsh reality
Three years after the Alonzo hard fork promised smart contract revolution, Cardano's TVL still trails Binance Smart Chain by a factor of 50. But hey, at least the peer-reviewed papers look pretty.
As the smart money stacks sats, true believers keep praying for Charles Hoskinson to finally deliver that killer app. Any day now.
95% of all the BTC in circulation is in profit, while ADA has some ground to make up at 46.5%. Source: Santiment
BTC holders enjoy the most gains, while ADA holders struggle to maintain faith
Santiment’s post was based on a metric that tracks the percentage of each asset’s circulating supply currently held at a profit. In the report, it means that the market price is higher than the average on-chain acquisition price.
As of the latest data point, BTC reportedly boasts a high percentage of 94.5%, suggesting that most of its holders are seeing gains. In contrast, Cardano had a lower rate (46.5%), indicating that a majority of its holders are at a loss as they bought at a higher price than where ADA sits currently.
Despite the gloomy performance, Santiment believes Cardano’s current position potentially signals undervaluation and room for growth, especially if crypto witnesses another bull cycle later this year.
Other tokens that boasted strong investor gains include $ETH at 88.7%, $XRP at 65.1%, $DOGE at 64.7%, and $LINK at 59.4%.
According to Santiment, when roughly 19 out of every 20 coins are in profit like this, strong market confidence typically follows. However, it also suggests that there’s a greater risk of profit-taking and corrections.
There is also a chance for coins with a low percent of supply in profit, like ADA and LINK, to appeal to contrarian or long-term investors in the market for assets yet to experience a strong rally in recent times.
Cardano slowly trudging towards long-term adoption
While it is clear cardano is the worst performing token among the six top-cap cryptocurrencies over time, Santiment sees future potential and for good reason.
After all, Cardano’s current “bad” performance can likely be attributed to a combination of bearish sentiment from jaded investors who bought at higher prices, competitive pressures, and a lack of immediate market catalysts.
In truth, despite its current position, Cardano has boasted steady development progress and is not necessarily doing badly in terms of its technology or community, but rather struggling in the current market context.
What’s going down on Cardano?
Check out this week’s development update on Essential Cardano and stay abreast of all the latest developments in Core technology, wallets and services, smart contracts, and scaling and governance. https://t.co/8h3uOmSW76 pic.twitter.com/CPKjFJwELb
— Input Output (@InputOutputHK) June 20, 2025
Last month, Cardano released node v.10.4.1 which introduced the UTXO-HD (Unspent Transaction Output – High Density) feature, touted as a significant technical advancement for the Cardano blockchain.
The feature enhances Cardano’s Extended UTXO (EUTXO) model, the CORE accounting system used by the blockchain to track unspent transaction outputs and unlike traditional UTXO models like Bitcoin, the EUTXO supports smart contracts and complex transaction logic without compromising on security and predictability.
This is so dumb. Projects should keep 18-36 months of post kill list runway in short term tbills but that’s about it. Why would anyone want a team to buy and hold Bitcoin for them when they can do it themselves? Why pay for all those coconuts.
— toly 🇺🇸 (@aeyakovenko) June 16, 2025
Cardano’s founder, Charles Hoskinson recently drew criticism from solana Labs’ CEO for proposing to add BTC to the project’s treasury, an initiative that was meant to boost’s the project’s profitability.
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