ADA Surges 2% as Cardano Approves $71M Treasury and Midnight Airdrop Boosts Ecosystem

ADAUSDT has experienced a 2.04% price increase over the past 24 hours, rising from 0.7252 to 0.7400 on Binance. This upward movement is primarily attributed to the Cardano community's approval of a $71 million treasury fund for core development, marking the first on-chain governance vote and signaling strong community engagement. Additional positive sentiment stems from the ongoing Midnight (NIGHT) token airdrop, which rewards ADA holders and broadens Cardano's ecosystem appeal. Despite these developments, trading volume has shown mixed signals, with some sources noting a recent decrease in activity, reflecting a balance between bullish optimism and cautious market sentiment.

Currently, ADAUSDT is trading at 0.7400 with a 24-hour high of 0.75972 and a low of 0.7107. The 24-hour trading volume on Binance reached 79.48 million ADA, and Cardano's market capitalization is estimated between $25.55 billion and $26.62 billion, maintaining its position among the top cryptocurrencies by market cap.