New data from the Cardano blockchain shows that most active wallets currently hold investments that have lost value, which is concerning for Cardano investors.
Data from Santiment shows that Cardano wallets active over the last year are currently down an average of 43% in value.
According to data from Santiment, the current very low Market Value to Realized Value (MVRV) suggests this could be a good time to buy the asset, indicating a potential ‘opportunity’ zone.
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A recent regulatory win
It’s especially surprising to see Cardano’s price falling right now, considering a recent win in Washington. On March 17th, the U.S. Securities and Exchange Commission (SEC) officially recognized ADA as a digital commodity.
The market has yet to respond favorably despite this long-awaited regulatory clarity.
Currently, more Binance traders are betting that Cardano’s price will fall than are betting it will rise. This is the strongest signal of negative sentiment for Cardano since June 2023, suggesting many expect the price to continue dropping.
Heathy TVL growth
At the same time, there are some signs of resilient on-chain adoption within the Cardano ecosystem.
Currently, the total value of assets held within the network is 518.6 million ADA, which is a key indicator of how much activity is happening in decentralized finance (DeFi).
The Cardano community platform, Cardanians, reports that the total value locked (TVL) has grown by a strong 35.7% in the last six months, despite recent challenges in the overall market.
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2026-03-24 11:26