ADA Surges 4.93% as Cardano Foundation Launches Reeve and Assets Hit $659 Million

ADAUSDT has seen a notable price increase in the last 24 hours, rising by 4.93% on Binance to $0.7066, with a 24-hour open of $0.6734. The primary drivers of this upward movement include renewed bullish sentiment following the Cardano Foundation’s launch of Reeve, an open-source enterprise financial reporting system, and a reported increase in Cardano Foundation assets to $659.1 million, which has boosted confidence in Cardano’s ecosystem. Additional momentum has come from technical indicators signaling a strong buy, increased whale activity, and a broader shift in market focus toward altcoins with strong fundamentals. Trading volume for ADA has surged significantly, with 24-hour volumes reported between $1.28 billion and $2.87 billion, and the market capitalization is around $25 billion, positioning Cardano among the top cryptocurrencies.