ADA Token Surges 6.5% as Cardano Treasury Injects $71 Million, Staking Wallets Top 1.3 Million

Cardano (ADAUSDT) saw a 6.53% price increase in the last 24 hours, rising from 0.4088 to 0.4355, with trading volume surging notably as reported on Binance. This positive price action is attributed to renewed bullish sentiment driven by the Cardano ecosystem’s approval of a $71 million treasury fund for upgrades, increasing network engagement (over 1.3 million staking wallets), and anticipation following founder Charles Hoskinson’s hints of upcoming developments, including privacy-focused initiatives and ongoing smart contract enhancements. The launch of a Nasdaq index to track Cardano’s progress and strong technical support at key price zones have also contributed to investor optimism and elevated trading activity.

ADAUSDT is currently trading at 0.4355 with a 24-hour volume exceeding $722 million, placing Cardano among the top cryptocurrencies by market capitalization and reflecting heightened interest amid broader market recovery.