ADA Surges 7.6% as $71M Treasury Fund and Midnight Airdrop Ignite Cardano Ecosystem

Cardano (ADAUSDT) has seen a notable price increase of 7.60% over the past 24 hours, currently trading at $0.7919 on Binance. The surge in price and trading volume is attributed to several key developments: the Cardano community's approval of a $71 million treasury fund for network upgrades, the ongoing Midnight (NIGHT) token airdrop which has boosted ecosystem engagement, and significant on-chain activity including large ADA transfers and major holder sales. Additionally, increased market interest is reflected in a 131% rise in 24-hour trading volume and positive sentiment from recent market analysis and whale accumulation patterns. Cardano's market capitalization stands at approximately $28.74 billion, with trading volume reaching $1.675 billion in the last 24 hours, and the asset has outperformed the broader crypto market with a weekly gain of about 7.88%.