ADA Token Surges 6.82% as Cardano Staking Hits 1.3M and Binance Trading Fuels Volume

ADAUSDT experienced a notable price increase over the past 24 hours, rising 6.82% from a 24h open of $0.5469 to a current price of $0.5842 on Binance. This upward movement is attributed to renewed market interest following significant on-chain activity in June, where large holders accumulated and then sold substantial ADA positions, as well as increased trading activity driven by Binance trading competitions offering $3 million in rewards. Additional support for the price rebound comes from Cardano’s recent network milestones, including surpassing 1.3 million staking addresses, which has contributed to positive sentiment despite recent volatility. ADA’s trading volume remains elevated, reflecting heightened market participation, and the asset’s price is currently consolidating above the critical $0.50–$0.52 support zone, with analysts monitoring for sustained bullish momentum or further corrective action.