Cardano added 14,783 new non-empty ADA wallets after its June 23 bottom, according to Santiment, and ADA has rallied hard since.
ADA touched a multiyear low near $0.14 in late June. It has since gained 32.5% over the past seven days, touching $0.199 on July 5 before settling near $0.19.
ADA Retail Wallets Return After a Rough June
The wallet growth follows weeks of heavy selling. Failed treasury funding votes and warnings from founder Charles Hoskinson about strain on the project pushed ADA to levels last seen in 2020 in early June.
Santiment linked the shift to a broader mood change in the Cardano community.
The wallet uptick suggests some retail buyers returned once prices stabilized. Cardano’s whale accumulation data already showed large holders adding ADA even as network activity slowed. That pattern suggests some investors positioned ahead of expected upgrades.
Governance Friction Still Weighs on the Rebound
The rebound has not erased Cardano’s underlying tensions. Hoskinson recently opened a governance overhaul review that audits thousands of decentralized organizations tied to the treasury system.
That review follows a cancelled 2026 summit and ongoing funding disputes. Together, they keep sentiment fragile even as the current Cardano price sits far above its June bottom.
Cardano’s technical roadmap continues regardless. The Leios scalability milestone aims to lift network throughput ahead of a planned mainnet push later this year.
The new wallets face a real test at the next governance vote. If holders stay put instead of exiting at the first sign of trouble, June’s fear will look more like capitulation than lasting damage.
Source: BeInCrypto
