Cardano's ADA fell below $0.20 and under $0.16, its lowest level since December 2020, amid a broader crypto-market selloff and mounting concerns over Cardano's ability to fund and commercialize ecosystem projects. The slide left Cardano as the 16th-largest cryptocurrency by market capitalization at about $5.43 billion, down from the top 15. Charles Hoskinson warned that more Cardano dApps and DeFi projects could shut down in the second half of 2026 after TapTools decided to wind down, citing weak commercial activity, treasury-governance friction and failed funding proposals. Social-media discussion and active addresses rose, but Santiment said the increase reflected bearish sentiment and volatility rather than adoption.