ADA Surges 3.22% as 140M Token Treasury Proposal and Whale Accumulation Drive Market Momentum

Cardano (ADA) experienced a 3.22% price increase over the past 24 hours, rising from a 24h open of $0.6327 to a current price of $0.6531 on Binance. The primary drivers of this price movement include renewed community and developer activity, highlighted by Cardano founder Charles Hoskinson's proposal to allocate 140 million ADA from the treasury to boost stablecoin liquidity, as well as significant accumulation by large wallets totaling over 310 million ADA in the past week. Additional support comes from Cardano’s continued presence in the top 10 cryptocurrencies, a surge in new projects—particularly in NFTs and smart contracts—and robust staking engagement with over 1.3 million addresses. ADA’s trading volume remains strong, and the asset is consolidating near recent highs, reflecting increased market confidence and active participation.