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ADA Drops 38% to $0.162 on June 5 as Cardano Network Activity Hits Four-Month High

Price Volatility Market Analysis

2026-06-05 19:03:04

ADA-13.05%

According to crypto.news and Santiment data, Cardano's ADA token traded near $0.162 on June 5 as it extended losses to 38.29% over the past month, reaching levels not seen since late 2020. The 24-hour decline reached 17.9%, with trading volume exceeding $1.1 billion. Despite the selloff, daily active addresses surged to 28,459—the highest level in four months—according to Santiment, signaling continued network engagement amid market stress. Cardano's market rank stands at number 16 with a market value of approximately $6.03 billion.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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