ADA Surges 7% as Cardano Approves $71M Upgrade Fund and Midnight Airdrop Fuels Optimism

Cardano (ADAUSDT) has posted a 7.10% price increase in the last 24 hours, rising from 0.7425 to 0.7952 on Binance. This surge is primarily attributed to the Cardano community's approval of a $71 million treasury fund for network upgrades, which has boosted market optimism and trading activity. Additional positive sentiment stems from the ongoing Midnight (NIGHT) token airdrop, with over 120 million tokens claimed, although some Ledger wallet users reported technical issues during the process.

Currently, ADA is trading near 0.7952 with a 24-hour volume exceeding $1.26 billion, reflecting heightened market participation and a strong upward trend. The price has fluctuated between 0.7398 and 0.8012 in the past day, supported by increased development activity and robust community engagement.