In today’s crypto update, Cardano’s dormant wallets are becoming active again. Santiment reported that the network’s Age Consumed metric recorded its largest spike since April 2026. Investors are now watching closely for signs of a potential trend reversal.
Cardano Records Largest Age Consumed Spike Since April
In a recent post on X, Santiment reported that Cardano’s Age Consumed metric has reached its highest level in more than two months. On June 9, the metric recorded its largest spike since April, flashing what analysts describe as a potential reversal signal for ADA. Using a chart, Santiment highlights that several Age Consumed spikes occurred on June 4 and June 5, 2026.
According to Santiment, these movements suggested that Cardano’s previous downturn was approaching exhaustion. Shortly afterward, ADA’s decline slowed, and the token began to stabilize, hinting that selling pressure may have been easing. Further supporting the bullish outlook, Cardano’s Mean Dollar Invested Age (MDIA) has stopped rising for the first time in five weeks.
The metric tracks the average age of coins held across the network. Its recent pause suggests that older coins are beginning to move again after a lengthy period of inactivity. Historically, major spikes in Age Consumed have often appeared near important market turning points. While the metric does not reveal whether holders are buying or selling, it does show that long-term participants are becoming active again.
As a result, many investors are paying close attention to the latest signal. With dormant wallets roaring back to life and key on-chain indicators shifting, some market participants believe Cardano could be laying the foundation for a broader recovery.
On-Chain Spike Comes Ahead of Anticipated Leios Upgrade
The recent surge in dormant wallet activity comes shortly before Cardano’s highly anticipated Ouroboros Leios upgrade. The testnet for the upgrade is expected to go live on June 23, 2026, following governance approval on May 25, 2026.
Leios is widely regarded as the most significant protocol upgrade in Cardano’s history. The update aims to improve scalability, decentralization, and security while increasing the network’s overall efficiency. According to developers, the upgrade could boost Cardano’s throughput by up to 50 times.
The network currently processes around 3.5 transactions per second (TPS). However, Leios could theoretically increase that figure to 10,000 TPS under optimal conditions. The upgrade is designed to improve how transactions and blocks are processed across the network. As a result, Cardano can support significantly higher levels of activity without sacrificing decentralization.
Cardano founder Charles Hoskinson has repeatedly described Ouroboros Leios as the next major milestone for the ecosystem. He considers the upgrade a key step toward making Cardano one of the most scalable blockchain networks in the industry.
With the testnet launch approaching, investors and developers are closely watching the network. The recent spike in on-chain activity suggests that some market participants may already be positioning themselves ahead of the upgrade.
Investors Watch for a Potential ADA Rebound
Recent developments have brought Cardano back onto the radar of many investors. Market participants are now closely monitoring the token’s price action for signs of renewed momentum. According to CoinMarketCap, ADA trades around $0.15. The token is down more than 6% over the past 24 hours, reflecting the broader weakness across the crypto market.
Despite the recent decline, many investors remain focused on Cardano’s long-term outlook. The network continues to advance its development roadmap, while community interest remains strong ahead of key milestones. For now, traders are watching to see whether ADA can regain momentum and build on growing optimism surrounding the Cardano ecosystem in the weeks ahead.
Josiah Oluwadare
