ADA Surges 16.95% on Binance as Whale Accumulation and Golden Cross Fuel Market Rally

Cardano (ADAUSDT) experienced a significant 16.95% price increase over the last 24 hours, rising from 0.6270 to 0.7333 on Binance. This surge is primarily attributed to bullish market momentum following Bitcoin’s record highs, increased whale accumulation of over 120 million ADA in two weeks, and the technical breakout above key resistance levels, including a weekly golden cross for the first time in ADA’s history. Additional factors supporting positive sentiment include the Cardano Foundation’s substantial asset holdings, ongoing staking rewards, and the launch of the "Reeve" enterprise tool for financial reporting.

Currently, ADA trades at 0.7333 USDT with a 24-hour trading volume between $964.86 million and $1.88 billion, a market capitalization near $26 billion, and a circulating supply of 35.39 billion tokens, reflecting strong market interest and a nearly 26% weekly gain.