Cardano rises 5% to $0.213 but on-chain activity drops 72%
- —ADA rose 5.23% to $0.213 and is testing the 0.5 Fibonacci level at $0.2132
- —Network fees covered 0.7% of staking rewards: 3.3 million versus 493.7 million ADA
- —Cardano transaction activity fell 72.46% over 73 epochs
- —Whales added more than 60 million ADA during a roughly 10% pullback
Why it matters: The price rally runs against weakening on-chain metrics: without a recovery in activity and fees, ADA's advance remains a speculative bounce.
Source: Cryptonews.net