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At the same time, network activity has increased significantly. According to Santiment, the number of active addresses per day reached 28,459, setting a four-month high.

Analysts noted that the increased activity indicates growing market polarization, with pessimistic sentiment prevailing.

Despite all the ups and downs, Santiment emphasized that Cardano still boasts one of the most loyal retail communities in the crypto space.

However, Santiment warned that retail investor enthusiasm alone may not be enough for a stable recovery unless there is broader ecosystem growth and market participants confidence returns.

Amid mounting speculative activity, Hoskinson decided to dispel rumors about his possible departure.

During a live stream on Thursday, the creator of Cardano personally refuted claims that he was leaving the project.

No, Im not leaving, he stated, reaffirming his commitment to Cardano and emphasizing his focus on long-term development.

Hoskinson pointed to current developments, including Midnight and RealFi, noting that building meaningful blockchain infrastructure takes time and cannot be judged solely based on market volatility.

He also dismissed criticism regarding his detachment from the concerns of ADA holders, reiterating that his primary focus remains on research, development, and building infrastructure, rather than managing daily price fluctuations.

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Cardano is going through a critical phase of development, facing increasing pressure to demonstrate ecosystem growth, attract developers, and compete with larger smart contract platforms.

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What caused the drop in the price of ADA Cardano?

The decline in ADAs price was driven by a combination of general market volatility and increased uncertainty following statements by Cardanos founder regarding potential ecosystem issues and funding concerns.

Is the Cardano ecosystem in crisis?

Cardano continues to operate normally, though some analysts point to funding constraints and uneven project activity as signs of pressure on the ecosystem. Long-term development remains unchanged.

Did Charles Hoskinson have no intention of leaving Cardano?

No. Charles Hoskinson publicly denied rumors of his departure from Cardano and reaffirmed his commitment to current developments and projects within the ecosystem.

DailyCoin Poll: What is your opinion after reading this article?”,”detected_source_language”:”RU