ADA Token Surges 2% as Cardano Hits 111M Transactions and Whale Activity Returns

In the past 24 hours, ADAUSDT has risen by 2.07% to $0.5856 on Binance, opening at $0.5737. This price increase can be attributed to renewed market interest following Cardano’s achievement of surpassing 111 million transactions, as well as technical analyses highlighting potential for a short-term reversal near the $0.5550 support level. Additional factors include increased development activity and positive sentiment around the return of large holders (“Cardano Whales”), as reported by industry sources.

Currently, ADAUSDT is trading between $0.56 and $0.59, with 24-hour trading volume ranging from $232 million to over $321 million and a market capitalization estimated between $19.91 billion and $21.84 billion, placing Cardano among the top cryptocurrencies by market cap. The asset has shown moderate volatility and remains under close watch by traders for further technical breakouts.