Cardano's ADA Token Surges to One-Month High Amid Wallet Exodus
Cardano's ADA token has reached its highest price since July 4, hitting $0.1966 before settling at around $0.1933, down 0.44% today. Despite this upward trend, the Cardano network lost 7,070 non-empty wallets over the past two months, as reported by Santiment Intelligence.
The increase in price can be attributed to large holders, who added more than 240 million ADA in recent weeks, according to CoinCodex tracking. Smaller wallets moved in the opposite direction, and the non-empty wallet count dropped to 4.62 million, down from two months earlier.
This bounce follows a rough patch earlier in 2026, during which analytics and NFT platform shutdowns, governance friction, and thin activity relative to market size pushed ADA down toward the mid-$0.15 range before this recovery began.