On June 10th, Charles Hoskinson dropped a technical analysis of XRP on X, pointing out its limitations in programmability. It wasn't an attack: it was a showcase that the founder is back, strategizing competitively and positioning Cardano as the most comprehensive network for enterprise applications. After eight days of market silence and capitulation, Hoskinson's active return is a signal of a narrative shift.
Today $ADA is trading at $0.163, marking its lowest range since 2020. Yesterday's CPI at 4.2% and the closure of Hormuz aren't helping the macro context. However, the on-chain movements of dormant wallets identified by Santiment yesterday are the most significant contrary signal of the cycle.