🚨 Cardano Surpasses 2,000 dApps — But Whales Offload $170M in ADA
Cardano is celebrating a major ecosystem win — but price action tells a different story.
📈 According to the June 13, 2025 IOG Development Report, Cardano has now crossed 2,004 dApps live on-chain, up from 2,002 the previous week. Developer momentum is building fast, with a 32% week-over-week spike in GitHub commits, totaling 278.
🔗 On-chain ecosystem stats:
• 🔥 10.83M native tokens issued — a record for any Layer 1
• 🔐 1.33M wallets actively staking ADA
• 📜 138,365 smart contracts (Plutus scripts), including 7,213 Aiken scripts
• 🧾 110.43M total transactions on the ledger
• 🗳️ 1,352 registered DReps, with 963 active on-chain
Despite the booming fundamentals, ADA’s price slid 4.63% over the past week, currently trading around $0.63.
🐋 Whale Sell-Off Sparks Volatility
At the beginning of the week, whales holding 100M–1B ADA added 120M ADA to their bags — but it didn’t last.
📉 In a rapid reversal, these whales dumped over 270 million ADA — worth more than $170 million, according to analyst Ali Martinez. This triggered broader market fear, prompting retail investors to sell, and drove ADA down from $0.71 to $0.62, before a slight recovery to $0.636.
🔍 Analysts now warn of a possible dip toward $0.50 if ADA fails to break out from its bearish head-and-shoulders pattern.
🔒 DeFi Growth Steady Amid Uncertainty
Cardano’s DeFi TVL is holding up, sitting just under $300M according to DeFiLlama. Still, concerns about macro headwinds — including U.S. and Middle East tensions — could add pressure in the near term.
🧠 While price reacts to market dynamics, Cardano’s tech and governance layers keep advancing — with strong growth in developers, DReps, and dApp activity.
📢 Read the full development update via Essential Cardano
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