Cardano added 14,783 new non-empty ADA wallets after its June 23 bottom, Santiment said, as ADA extended a sharp rebound. According to BeInCrypto, ADA hit a multiyear low near $0.14 in late June and has since gained 32.5% over the past seven days, touching $0.199 on July 5 before settling near $0.19.
The wallet growth follows weeks of heavy selling tied to failed treasury funding votes and warnings from founder Charles Hoskinson about strain on the project. Hoskinson has also opened a governance overhaul review auditing thousands of decentralized organizations tied to the treasury system, after a cancelled 2026 summit and ongoing funding disputes.