Cardano $ADA has now erased 100% of its election-cycle rally, sliding back to the $0.30 support zone — a level that puts its Top 10 market cap position at real risk.
In 2025 alone, ADA has shed roughly $25 billion in market value (-64%), falling to around $14 billion. This decline significantly underperforms peers like Dogecoin, which is down about 50%, while Bitcoin Cash $BCH is closing in fast and threatening ADA’s 10th-place ranking.
On-chain activity tells a similar story. Active addresses have collapsed from nearly 93,000 to below 25,000, raising concerns about real network usage. At the same time, valuation questions are growing as Sui $SUI now holds 4.5x more TVL than Cardano, despite having only one-third of ADA’s market capitalization.
Whale behavior also reflects weakening confidence. Over the past two months, large holders have sold approximately 120 million ADA a move that coincided with the price drop from $0.80 to current levels — a clear sign that smart money is reducing exposure rather than positioning for an aggressive rebound.
With TVL lagging behind newer chains, shrinking user activity, and persistent selling pressure, the key question remains:
👉 Is Cardano becoming a ghost chain trading on past reputation,
or is the $0.30 level a long-term value zone for patient buyers?
⚠️ Disclaimer
Research and information shared are for informational purposes only and do not constitute financial or investment advice. Always do your own research before making any trading decisions.
