Cardano reached $0.195 for the first time since July 4, posting a gain of nearly 26% over the past week. According to Santiment, the network has 7,070 fewer non-empty wallets than two months ago, suggesting institutional buyers are absorbing supply while retail confidence has not yet returned. Large investors accumulated over 240 million ADA in five days according to Ali Martinez, and Cardano’s total value locked in DeFi rose by approximately 11% to approach $70 million. The network now ranks second in 30-day developer activity with 43 developers, outpacing Solana’s 21.
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