ADA Surges 7.32% as Cardano Approves $71M Upgrades and Trading Volume Jumps 129%

In the last 24 hours, ADAUSDT has experienced a 7.32% price increase, rising from 0.7365 to 0.7904, with trading volume surging by 129%. This upward movement is attributed to several key factors: large holders sold 390 million ADA and transferred 74 million ADA between wallets, indicating significant on-chain activity; the Cardano community approved a $71 million treasury allocation for core upgrades through its first on-chain governance vote, signaling strong ecosystem development; and the ongoing Midnight (NIGHT) token airdrop is encouraging further participation. These developments have contributed to heightened market interest and bullish sentiment, reflected in ADA’s current price of 0.7904, a 24-hour trading volume of 156.93 million ADA on Binance, and a market capitalization of approximately $28.66 billion, positioning Cardano as the 11th largest cryptocurrency by market cap.