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Tag: damaging stakeholder confidence

What happened after Cardano was ‘taken down by a kid?’ Mapping investor confidence

The post What happened after Cardano was ‘taken down by a kid?’ Mapping investor confidence appeared com. Journalist Posted: November 23, 2025 Key Takeaways What triggered Cardano’s recent sell-off? A rare partition event exposed vulnerabilities in Cardano’s network, disrupting DeFi activity, stake pool operators, and damaging stakeholder confidence. How weak is ADA, fundamentally? ADA has already shed 50% in Q4 and is technically fragile. Analysts suggest another 5× drop could align fundamentals with network strength. Cardano has been among the worst Q4 performers among large-cap cryptocurrencies so far, shedding 50% of its value. However, looking back, ADA has been bearish since peaking in mid-August above $1. This means that Cardano [ADA] was already in a technically weak spot before the October crash, with bulls failing to defend key support zones. That crash further eroded stakeholder confidence, pushing ADA back to pre-election levels. In such a fragile environment, even a small trigger could spark a major sell-off. Recently, Cardano experienced a rare partition event. The incident was later addressed by founder Charles Hoskinson.” For context, the partition event was caused by a glitch, creating a split in Cardano’s blockchain history. Hoskinson highlighted the impact of the incident, explaining how the “accidental” action by a user disrupted the network, affecting DeFi activity, stake pool operators (SPOs), and damaging Cardano’s overall reputation. However, the market reaction largely contradicted this perspective. Many viewed the event as a “much-needed” catalyst that exposed vulnerabilities in the network and sparked debates about Cardano’s resilience. Community questions Cardano’s technical strength This partition event has once again put Cardano’s resilience under scrutiny. Price-wise, ADA has already shaken stakeholder confidence, emerging as one of the weakest top-cap assets. The recent network issue has worsened the situation, further dampening market sentiment. On-chain data reflects this.