ADA Surges 4.4% as $71M Treasury Fund, Samsung Partnership, and Whale Activity Drive Momentum

Cardano (ADAUSDT) has experienced a 4.40% price increase over the past 24 hours, currently trading at $0.8257 on Binance. This upward movement is primarily attributed to several positive developments, including Cardano's approval of a $71 million treasury fund for network upgrades, confirmation of the Midnight Network airdrop, and a new partnership with Samsung for IoT initiatives. Significant whale activity, with over 200 million ADA accumulated and 300 million ADA sold, has contributed to heightened market volatility and trading volume, which reached between $1.36 billion and $1.75 billion in the last 24 hours. The network's recent upgrades, such as the Hydra scaling protocol and the Midnight Network token airdrop, have further supported bullish sentiment. Cardano's market capitalization stands at approximately $28.71 billion to $29.81 billion, with the price testing resistance near $0.83 and outperforming the broader cryptocurrency market over the past week.