hodler

9 Jun 2026, 14:30

Cardano Isn’t Fading Away, DEX Aggregator Says As DeFi Metrics Rise

Cardano’s total value locked dropped close to 30% in June, sliding from $129 million to $92 million — a fall that closely tracks ADA’s own price decline of 27% over the same stretch. Yet one platform inside the ecosystem is pushing back hard against the idea that the network is finished. DexHunter, a Cardano-based DEX aggregator, took to X to argue that the blockchain is more alive than ever, citing a sharp spike in trading activity as proof that user engagement remains strong despite ADA’s price weakness. Related Reading: Security Milestone: XRP Lending Protocol Completes Military-Grade Assessment A Surge, Then A Pullback Daily DEX trading volume on Cardano shot up from roughly 6 million ADA to 25 million ADA across four days, one of the steepest volume increases in recent months. DexHunter attributed that spike to heavy trading in tokens including NIGHT, STRIKE, and SNEK, as well as stablecoins such as USDCx. Volume has since retreated to around 7.45 million ADA, down 11% in the most recent 24-hour period. They say: Cardano is dead We say: Cardano is more alive than ever$STRIKE$ASCEND$ATLAS$SURF$SURGE The ecosystem is exploding🤯 pic.twitter.com/aCp8D80jAv — DexHunter 🏹 (@DexHunterIO) June 6, 2026 Alongside the volume data, DexHunter shared charts tracking the performance of several Cardano-native tokens. ATLAS rose 18% in a single day. STRIKE gained 3%. ASCEND added 1.20%. SURF was the exception, falling 2.67% during the same window. Based on that activity, DexHunter declared the ecosystem is exploding. Broader Headwinds Weigh On The Network The platform’s upbeat take comes against a backdrop of mounting pressure on Cardano. ADA hit a multi-year low of $0.14 earlier this year, and a string of setbacks has fed speculation about the network’s long-term prospects. Analytics platform TapTools shut down. A major ecosystem contributor exited after declaring bankruptcy. Input Output CEO Charles Hoskinson stepped back from public engagement for a period, and governance disputes have continued to draw criticism from within the community. Against all of that, DexHunter maintains the underlying activity tells a different story — one of continued user participation even as ADA’s market performance has disappointed. Related Reading: A 400 Billion Shiba Inu Surprise: Whale Wallet Springs Back To Life Signs Of Life In A Difficult Market ADA was trading at around $0.16 at the time of writing, still deep in the red compared to levels seen earlier this year. Whether the recent volume spike reflects a genuine shift in momentum or a short-term burst driven by a handful of tokens remains an open question. What the data does show is that trading activity on Cardano’s decentralized exchange layer is still moving, even if the numbers have pulled back from their recent peak. Featured image from Wallpaper Flare, chart from TradingView

9 Jun 2026, 12:34

Ethereum (ETH) Plummets 30% in a Month: Is That the Perfect ‘Buy-the-Dip’ Moment?

The second-largest cryptocurrency has been sliding hard in recent weeks, and although it has shown a slight rebound, it still remains deep in the red on a monthly scale. This might seem concerning, but according to one popular analyst, the current levels could present a great buying opportunity. Scary or Not? As of press time, ETH trades at around $1,670, representing a 30% plunge compared to the start of May. Its poor performance mirrors the broader crypto market’s correction, with other popular altcoins like Bitcoin Cash (BCH), Cardano (ADA), and Internet Computer (ICP) suffering even steeper losses. But beneath ETH’s sharp pullback, some analysts believe there’s a silver lining. Among those is Ali Martinez, who revealed that the asset’s MVRV Pricing Band has fallen below 0.8. Such a low ratio typically suggests that many investors are in a loss (at least on paper) and has historically served as a signal that the bottom is near, with a resurgence potentially on the way. Martinez described the development as a high-probability accumulation zone and a classical “buy-the-dip” opportunity. Just a few days ago, the analyst touched upon Ethereum again, saying that its TD Sequential Indicator has flashed a buy signal. Certain factors and technical analysis tools also support the rebound scenario. The declining amount of ETH stored on crypto exchanges is a clear example. Earlier today (June 9), the figure dropped to a monthly low of roughly 14.5 million tokens, signaling a shift from centralized platforms to self-custody methods, which reduces immediate selling pressure. ETH Exchange Reserve, Source: CryptoQuant Next on the list is ETH’s Relative Strength Index (RSI), whose ratio is still sitting below 30. This means the asset remains oversold and is likely to stage a short-term comeback. The technical indicator ranges from 0 to 100, with values above 70 indicating a potential correction. ETH RSI, Source: CryptoWaves Tread Carefully Despite the optimistic predictions and favorable indicators mentioned above, some analysts think a more severe plunge could be on the horizon. X user Ted, for instance, paid special attention to the $1,700 level, which now acts as resistance. He believes that if ETH fails to reclaim this zone, it could plummet to as low as $1,400. The fading institutional interest is another warning element. Despite the green candle over the past 24 hours, spot ETH ETFs have been bleeding heavily in the last several weeks, signaling that pension funds, hedge funds, and other investors have reduced their exposure to the token. This has caused the products’ issuers, such as BlackRock, Grayscale, Fidelity, and other financial giants, to sell real ETH, thereby adding further pressure to an already shaky market. Spot ETH ETFs, Source: SoSoValue The post Ethereum (ETH) Plummets 30% in a Month: Is That the Perfect ‘Buy-the-Dip’ Moment? appeared first on CryptoPotato .