Cardano (CRYPTO: ADA) active addresses and social discussion both spiked Thursday even as the token trades near its lowest price since December 2020, according to Santiment data.
Why Everyone Is Talking About Cardano While It Crashes
Much of the rising chatter traces back to Charles Hoskinson’s recent warnings that more Cardano projects could fail, his decision to step back from public involvement, and ongoing governance disputes over treasury funding that have split the community.
That combination of heavy bearish sentiment and a spike in on-chain activity has historically hinted at a mild relief rally.
Santiment noted the current setup mirrors two previous instances this cycle where the same pattern appeared just before a bounce.
