ADA Surges 4.84% as $71M Treasury Fund, Midnight Airdrop, and Bullish Signals Drive Momentum

Cardano (ADAUSDT) has risen 4.84% over the past 24 hours, with the price moving from 0.7280 to 0.7632 on Binance. This upward momentum is attributed to several key factors: the Cardano community's approval of a $71 million treasury development fund, which has strengthened confidence in decentralized governance; the ongoing Midnight (NIGHT) privacy token airdrop, which has engaged over 1.07 million eligible ADA wallets; and sustained high developer activity, as evidenced by 607 commits across 66 repositories in the last day. Additionally, technical analysis and trading discussions have highlighted a potential bull flag pattern and a reclaim of the 50-day moving average, both contributing to renewed bullish sentiment. Despite recent whale selling activity and resistance near the $0.73–$0.76 range, robust trading volume and positive ecosystem developments have supported the recent price rebound.

Currently, ADAUSDT is trading at 0.7632 with a 24-hour volume of approximately $80.28 million on Binance, a market capitalization of about $27.7 billion, and a circulating supply of 36 billion ADA, reflecting increased market interest and volatility.