$ADA

Cardano Trading Volumes and Active Addresses Surge Amid SEC’s ETF Deadline

In breaking Cardano news, crypto experts shared their mounting optimism around a potential spot ADA ETF as the SEC’s deadline approached. Polymarket traders pushed approval odds above 70%, signaling renewed faith in a Grayscale-led proposal.

On-chain data supports this bullish outlook. Analysts observed $932 million of ADA exiting exchanges and a surge in active addresses, suggesting holders are moving coins off-chain in anticipation of higher prices.

Meanwhile, whale wallets acquired roughly 180 million ADA between May 26 and 30. This underscores deep-pocket confidence even as the SEC pushed its ETF decision timeline toward October.

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