ADA Surges 6.3% as Binance Launches Holding Interest, $71M Upgrades Approved, and Midnight Airdrop Drives Volume

Cardano (ADAUSDT) has experienced a 6.30% price increase over the past 24 hours, rising from a 24h open of $0.7413 to a current price of $0.7880 on Binance. This upward movement is attributed to several key developments: the launch of Binance's 'Holding Interest' feature for ADA, Cardano community approval of a $71 million treasury allocation for upgrades to Hydra and Acropolis, and the ongoing Midnight (NIGHT) token airdrop, which has seen over 250 million tokens redeemed and more than 1 million ADA wallets eligible. These events have contributed to heightened market activity, as reflected in a substantial 24-hour trading volume ranging from $865 million to $1.48 billion and increased investor interest. Technical analysis indicates ADA is retesting significant resistance levels near $0.75-$0.76, with analysts noting whale accumulation patterns and a reclaim of the 50-day moving average, further supporting the recent price gains. The circulating supply of ADA is approximately 35-36 billion tokens, with a total supply capped at 45 billion.