ADA Surges 2% as On-Chain Withdrawals and Staking Hit Highs Amid GITEX Europe Momentum

Cardano (ADA) is currently trading at $0.7594 with a 24-hour price increase of 2.04% and a trading volume of approximately $567.73 million, maintaining a market cap of $26.02 billion and a circulating supply of 35.33 billion ADA. The recent price uptick is attributed to renewed bullish sentiment following Cardano's participation in GITEX Europe 2025, ongoing discussions around digital identity and AI integration, and significant on-chain activity, including a notable withdrawal of nearly $932 million ADA from centralized exchanges since early 2025, which analysts interpret as a sign of growing investor confidence. Despite recent controversies regarding treasury transparency and allegations against the founder, ADA has demonstrated resilience, supported by strong staking metrics (61% of supply staked) and a 30% growth in stablecoin market capitalization, contributing to the positive momentum observed over the past 24 hours.