Jun 3, 2026
Cardano Hits Multi-Year Low as TapTools Shuts Down and Founder Warns of 'Wave of Failures'
Cardano's ADA token fell to a 5-6 year low on Wednesday as TapTools, a major analytics platform in the ecosystem, announced it will wind down operations within two weeks. Founder Charles Hoskinson warned of a 'wave of failures' facing the Cardano ecosystem amid declining market conditions.
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