ADA Token Surges 3.19% as Cardano Staking Hits 1.3M Addresses and $NIGHT Rewards Announced

In the past 24 hours, ADAUSDT has risen by 3.19%, opening at 0.6245 and reaching a current price of 0.6444 on Binance. This upward price movement is primarily attributed to recent positive developments within the Cardano ecosystem, including the announcement of the upcoming $NIGHT rewards for ADA stakers starting June 16, 2025, and Cardano achieving a top ranking in a key network metric. Increased staking participation, as evidenced by over 1.3 million unique staking addresses, and a 25–30% surge in trading volume to approximately $419M–$469M, further support the price increase. Overall, ADA is experiencing strong market activity and positive sentiment, driven by ecosystem enhancements and growing user engagement.