ADA Surges 6.83% as $71M Treasury Fund Approval Sparks Whale Activity and $1.24B Volume

Cardano (ADAUSDT) has experienced a 6.83% price increase in the last 24 hours, currently trading at $0.7915 on Binance. The price surge is primarily attributed to the Cardano community's approval of a $71 million treasury fund for network upgrades, which has boosted investor sentiment and led to increased whale activity, including large transfers and accumulation by major holders. Additional factors supporting the positive momentum include ongoing discussions about upcoming audit reports and technical signals indicating strong support levels. Trading volume has risen significantly, with over $1.24 billion reported in the last 24 hours, and Cardano's market capitalization now stands at approximately $28.74 billion, reflecting heightened market interest and activity.