Cardano social activity surges as ADA falls under 20 cents to four-year lows

ADA fell to around $0.16 on Thursday, down nearly 30% over the past seven days and more than 75% over the past year. The token briefly traded below $0.16, its lowest level since December 2020, extending a drawdown that has turned Cardano from one of crypto’s largest retail communities into one of the market’s clearest stress cases.

The latest selling followed comments from founder Charles Hoskinson, who said he was "taking a break" after warning that Cardano could face a "wave of failures" across its ecosystem. His remarks came after TapTools, a Cardano analytics platform, said it would shut down after four years, and after the community voted against funding Cardano’s 2026 Summit in Singapore.

Santiment said ADA’s social dominance reached about 0.52%, a 2026 high, meaning more than one in every 190 crypto-related discussions across tracked social channels focused on Cardano.

Singapore

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