ADA Surges 3.46% as Cardano Sees Whale Accumulation, Golden Cross, and ETF Discussions

Cardano (ADAUSDT) has experienced a notable upward movement in the last 24 hours, with the price rising by 3.46% to 0.7175 USDT on Binance. This price increase is attributed to several key factors: the broader cryptocurrency market rally led by Bitcoin reaching new all-time highs, the Cardano Foundation’s launch of the Reeve financial reporting platform aimed at improving transparency, anticipation of the upcoming Leios upgrade expected to enhance scalability, and heightened institutional interest including discussions around a potential Cardano ETF. Additional bullish sentiment has been fueled by technical indicators such as Cardano's first-ever weekly golden cross, significant whale accumulation totaling 120 million ADA, and a 13.66% rise in open interest for ADA derivatives. Trading activity has been robust, with strong volume and a circulating supply of approximately 35.38 billion ADA, positioning Cardano as a leading gainer in the current market environment.