Cardano is showing renewed holder growth after a sharp June selloff. According to Santiment, the network added 14,783 more non-empty ADA wallets after its June 23 bottom.
The move comes as market activity suggests renewed interest from retail participants following a period of decline. Earlier in June, ADA fell below $0.20, its lowest level in more than five years.
Santiment said Cardano’s price decoupled from broader FUD-driven declines and pushed toward $0.20 for the first time in about a month, rising as much as 35% after bottoming on June 29. The rebound occurred amid a period of heavy fear, weak price action and public debate around the Cardano ecosystem.
The rebound does not erase the earlier drop, but it shows that some retail users are returning after a period of fear, weak price action and public debate around the Cardano ecosystem. The key test remains the $0.20 area: a clean move above that level would support the short-term rebound, while failure to reclaim it may leave the token exposed to another pullback.
Cardano’s recovery comes as the wider ecosystem still faces questions. Reports noted the shutdown of TapTools, funding disputes and the cancellation of the Cardano Summit 2026. The project also has active technical work, with Midnight—a privacy sidechain linked to Cardano—launching its federated mainnet in March with backing from major technology and telecom names.
Santiment highlighted that “retail support has been one of ADA’s strongest traits” through difficult market periods, reflecting Cardano’s active community. However, the firm cautioned that wallet growth alone does not confirm a lasting price recovery, since a new wallet can hold only a small balance and may not indicate the entry of larger buyers.
