ADA Token Surges 17.57% as ETF Prospects, Soft Staking, and Whale Accumulation Drive Momentum

Cardano (ADAUSDT) has surged 17.57% in the last 24 hours, rising from a 24h open of 0.8447 to a current price of 0.9931 on Binance. The price increase is primarily attributed to several key developments: Binance's launch of Soft Staking for ADA, enabling daily rewards for holders; Grayscale's registration of a Cardano Trust ETF in Delaware, signaling potential for a spot ETF pending regulatory approval; and significant accumulation by large ADA holders, with approximately 200 million ADA acquired between August 9 and 10, 2025. Additional factors include expansion in Cardano’s DeFi ecosystem through audits and protocol upgrades, and a notable rise in open interest for ADA derivatives, which reached $1.44 billion, reflecting heightened trader activity. The market is currently experiencing robust trading volume, exceeding $2 billion in the past 24 hours, and Cardano’s market capitalization stands at approximately $36.06 billion, placing it among the top 10 cryptocurrencies. Technical indicators suggest caution due to overbought conditions, but institutional interest and positive sentiment around ETF prospects continue to drive momentum.