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Cardano hits 5-year low despite CME futures launch and Nasdaq index inclusion

Market News
12 Jun 2026
BeInCrypto
View Source
Bearish
pluang ai news

Cardano's ADA token has dropped to its lowest price in five years, around $0.17, despite CME launching 24/7 Cardano futures and its inclusion in the Nasdaq Crypto Index. The ecosystem faces challenges including the shutdown of TapTools, cancellation of the 2026 Singapore Summit, and a sharp decline in DeFi value locked from $905 million to under $140 million. Founder Charles Hoskinson warns of more DeFi project failures as funding and user engagement remain low. A key event to watch is the Ouroboros Leios testnet launch on June 23, aiming to improve speed and throughput before a mainnet upgrade later in 2026.

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