Dogecoin, Cardano, XRP Prices Fall Amidst Market Turmoil

Dogecoin, Cardano’s ADA, and XRP prices fell by 7% during a weekend market drop. The slide occurred amidst large-scale liquidations that affected major cryptocurrencies, including SOL, BTC, and ETH.

The event underscores vulnerabilities in the cryptocurrency market , exacerbated by external economic pressures and tariff uncertainties. Immediate reactions include a significant rotation from altcoins to promising projects.

Dogecoin experienced a huge liquidation imbalance in the past 24 hours. Extensive forced sales and closures of long positions were noted, affecting prices across several cryptocurrencies. Among those impacted were DOGE, Cardano’s ADA, and Ripple’s XRP.

Cardano’s development activity showed significant decline, with GitHub commits down from 92 to 48 between January and May 2025.

XRP’s network activity and liquidity are also negatively impacted, raising concerns about its future performance. Affected by large escrow releases and market supply concerns, Ripple’s situation was exacerbated over the weekend. Core industry voices, like Markus Thielen from 10x Research, highlighted the momentum’s fading, pointing to sluggish Coinbase premiums and poor future outlooks.

“A falling Coinbase premium and weak funding rates—suggest momentum may be fading. The Fed remains neutral (meeting on May 7), volatility is creeping back, and uncertainty around tariffs looms. This is not a time for blind risk-taking but tactical positioning with well-defined exposure.” – Markus Thielen, CEO, 10x Research

The broader implications are significant, with traders opting for a more risk-averse stance. Investors rotate capital to projects with better engagement, such as Mutuum Finance. Cryptos experienced widespread declines of 5–7%, fueled by macroeconomic pressures and loss of investor confidence amidst tariff fears.

Continued market fluctuations reflect broader economic uncertainties, highlighting systemic vulnerabilities. As previous trends indicate, geopolitical conflicts have traditionally reduced market stability, influencing speculative asset prices. Current trends include emerging market strength and longstanding high volatility fostering caution.