Cardano picks up 14,783 new wallets, one awkward governance review at a time 📈

Cardano added 14,783 new non-empty ADA wallets since its June 23 bottom, according to blockchain analytics firm Santiment, as the token extended a week-long rally that lifted prices roughly 32.5%. ADA touched a multiyear low near $0.14 in late June after failed treasury funding votes and public warnings from founder Charles Hoskinson about strain on the project pushed the token to levels last seen in 2020. The token reached $0.199 on July 5 before settling near $0.19, per CoinGecko data.

Santiment linked the wallet growth to a broader shift in community mood, framing it as retail returning once prices stabilized. Whale accumulation data previously showed large holders adding ADA even as network activity slowed, suggesting some investors positioned ahead of expected upgrades.

The rebound has not resolved underlying governance tensions. Hoskinson recently opened a review auditing thousands of decentralized organizations tied to the treasury system, a process that follows a cancelled 2026 summit and ongoing funding disputes. Cardano's technical roadmap continues in parallel, with the Leios scalability milestone aimed at lifting network throughput ahead of a planned mainnet push later this year.