ADA Surges 6% as Cardano Treasury Allocates $70M for Upgrades and Trading Volume Hits $1.66B

Cardano (ADAUSDT) has seen a 6.01% price increase over the past 24 hours, currently trading at $0.7990 on Binance. This positive momentum is primarily attributed to increased network activity, including the approval of a $70–$71 million treasury allocation for upgrades such as Hydra and Acropolis, ongoing Midnight (NIGHT) token airdrop participation, and the introduction of a Holding Interest feature for ADA on Binance. Additional factors supporting the price surge include a breakout from a falling channel pattern, a 12% rise in Open Interest to $1.43 billion, and a significant uptick in trading volume, which reached $1.66 billion in the last 24 hours. Cardano’s market capitalization stands at approximately $28.3 billion, with the asset maintaining strong trader interest and active address growth.