ADA Surges 3% as Chang Hard Fork, $71M Treasury, and NIGHT Airdrop Boost Investor Confidence

Cardano (ADAUSDT) has experienced a 3.02% price increase over the past 24 hours, currently trading at $0.7914 on Binance. The recent price movement is primarily attributed to several positive developments: the completion of the Chang Hard Fork, approval of a $71 million treasury fund for network upgrades, and the ongoing Midnight (NIGHT) privacy token airdrop, which is distributing 50% of NIGHT tokens to ADA holders. These events have driven increased user activity, heightened investor confidence, and notable whale accumulation, as reflected in a 12% rise in open interest and strong trading volumes.

ADA maintains a robust market position with a 24-hour trading volume ranging from $939.68 million to $1.80 billion and a market capitalization between $28.16 billion and $28.94 billion. The asset has shown a positive trend, rising over 10% in the past week and more than 33% in the last month, with current price action supported by strong technical momentum and active community engagement.