Cardano (ADA)

"This won't be the last business that gets eaten by this market and we won't be able to save them all... Plan accordingly" AdamKDean Ask yourself right now have you done enough to survive the next year w/o the mkt going up? typical downturns last for 1-2 years approx. During that time it also sees downturn indicators (flight to safety/diversifying port/selling business/active retail users declining/multiple days and then weeks of consolidation in mkt with s small spike and then another drop due to weakness in the economy and retail (impulsive $$) running out of steam. Meanwhile smart $$ took and started adding stables/cash to their books early on and increasing that over time to ensure not being caught out in the cold when winter comes, not spending precious resource on things that dont have strong mkt demand currently but may have in the future. Its a intuition that comes from multiple down mkts that gives you that sense that its time to stop the spend and prepare for the inevitable downturn that always happens. I hope that most have done some of this and we can survive this together, for those who haven't I also hope for the best for you and you somehow survive this as well. Adam has some prophetic words of wisdom we should all head them

🚨 CARDANO HITS LOWEST PRICE IN MORE THAN 5 YEARS $ADA has dropped to around $0.217, a level not seen since February 2021. It is now back at pre‑2021 bull run prices, wiping out more than five years of gains. Any $ADA holders still here?

The Constitutional Committee decides whether Cardano's governance actions comply with the Constitution. This year, cardano:native holders elect new committee members through their DReps. If you have the expertise to serve, candidate registration closes 7 June. https://t.co/qJIAHJiR3F

BIG: @Cardano_CF's leading analytics platform, @TapTools, has begun its final shutdown countdown and plans to wind down operations over the next two weeks. The team cited multiple leadership departures, loss of critical technical expertise, and rising infrastructure costs as key reasons behind the closure. TapTools served over 1 million users and became one of the most important data platforms in the Cardano ecosystem. Cardano founder @IOHK_Charles called the news "deeply regrettable" and warned that more crypto projects could face shutdowns as industry-wide financial pressures continue to grow.

TapTools has announced they're beginning to wind down operations over the next two weeks. For multiple years, TapTools has been the go to analytics platform for Cardano DeFi. This will be a big loss, and with such harsh market conditions, it's likely more teams are facing the same operational issues. Which raises the question of how these core teams and products stay online and funded. Treasury withdrawals are mainly for larger governance actions, and with Catalyst paused, the funding paths for smaller teams feel limited. CB DAO partially fills that gap, and the proposed Innovation & Growth DAO, run by DReps, could offer a route for smaller funding. Cardano cannot afford to lose builders and talent in the space. Grateful for how TapTools contributed to Cardano, both as a great platform and as a strong voice on X.

The IO proposals were mainly approved when ADA was at 25 cents and it has now dropped to 21 cents and likely to go lower – what guarantees do we have that they will complete their work now that they will have less funds? @IOGroup

Cardano Foundation signs a 3-year deal with Brazil's Olympic Committee 🇧🇷 Blockchain + AI + IoT coming to Brazilian sport: → Digital IDs for athletes & coaches → Fan engagement → Equipment tracking → Transparent funding governance But stay real → workshops just started, pilots are months away. This is a long-term roadmap, NOT a price catalyst. ADA sits near $0.23 below key support. Good fundamentals story. Execution is the next test.