Santiment said new non-empty wallets rose from the June 23 bottom as ADA rebounded from a late-June low near $0.14 to touch $0.199 on July 5.
Cardano drew 14,783 new non-empty ADA wallets after its June 23 bottom, signaling renewed on-chain participation as the token rebounded sharply from a late-June slump. Santiment said ADA fell to a multiyear low near $0.14 in late June, then climbed 32.5% over the past seven days to touch $0.199 on July 5. The recovery followed weeks of heavy selling tied to failed treasury funding votes and warnings from founder Charles Hoskinson about strain on the project. Santiment linked the pickup to a broader shift in community mood, while the return of smaller holders came alongside earlier whale accumulation even as network activity slowed. The rebound has not resolved underlying tensions, with Hoskinson opening a governance overhaul review covering thousands of decentralized organizations tied to the treasury system after a cancelled 2026 summit and ongoing funding disputes. Cardano’s Leios scalability milestone remains on the roadmap ahead of a planned mainnet push later this year, and the next governance vote may show whether June’s selloff was capitulation or a sign of deeper damage.