ADA Surges 6.8% Amid $310M Accumulation, Leios Upgrade Hype, and Strong Trading on Binance

ADAUSDT experienced a notable 6.81% price increase over the past 24 hours, rising from a 24h open of $0.5420 to a current price of $0.5789 on Binance. This rebound follows a period of heightened volatility triggered by geopolitical tensions in the Middle East, which led to sharp declines earlier in the week. The recent price recovery is supported by increased trading activity, with 24-hour volume significantly above the 7-day average, and large holders accumulating approximately $310 million worth of ADA in June. Despite a decrease in Cardano’s development activity and a lower mean coin age indicating increased distribution among holders, anticipation surrounding the upcoming "Leios" mainnet upgrade and active trading competitions have contributed to renewed interest and positive momentum. ADA remains ranked #10 by market capitalization, with the $0.50–$0.52 range acting as a key support zone and current price action reflecting both short-term volatility and longer-term growth trends.