Cardano On-Chain Activity Spikes Again This Month as ADA Trades Near 2020 Lows

Cardano (ADA) saw a second on-chain activity spike this month, with daily active addresses and social dominance rising even as the token traded near December 2020 price lows. According to BeInCrypto, ADA was near $0.142 on June 26, down about 3.38% on the day, after falling nearly 41% over the past month and more than 13% over the past week. Santiment said daily active addresses hit 29,025 and social dominance rose to 0.33% of crypto discussions. It linked bearish sentiment to founder Charles Hoskinson’s warnings and governance disputes, and said similar setups have preceded mild relief rallies.