ADA Surges 5.41% as Whale Accumulation, Nasdaq Listing, and DeFi Growth Fuel Momentum

ADAUSDT is currently trading at $0.6551 on Binance, showing a 5.41% increase over the past 24 hours after opening at $0.6215. The recent price rise is attributed to several positive developments: Charles Hoskinson’s proposal to use 140 million ADA from the treasury to acquire Bitcoin and Cardano-native stablecoins has sparked significant community engagement and optimism for DeFi growth; ADA’s addition to the expanded Nasdaq Digital Assets Index has increased its visibility among major digital assets; and Cardano’s network has surpassed 1.3 million staking addresses, reflecting strong user participation and long-term holder confidence. Additionally, whale accumulation of over 300 million ADA and a surge in ecosystem projects, particularly in NFTs and smart contracts, have contributed to the positive sentiment and increased trading activity. Overall, ADA remains firmly in the top 10 cryptocurrencies by market capitalization, with robust network engagement and active trading supporting its recent upward momentum.