ADA Surges 15% as Grayscale ETF, Whale Accumulation, and $71M Treasury Drive Momentum

Cardano (ADAUSDT) experienced a notable 15.10% price increase over the past 24 hours, with the current price at $0.9942 on Binance. The surge is primarily attributed to Grayscale's registration of a Cardano Trust ETF in Delaware, significant whale accumulation of 200 million ADA, and sustained buying by long-term holders, as well as positive sentiment following a $71 million treasury allocation for development initiatives approved by governance vote. Market activity has intensified, with 24-hour trading volume reaching $495.72 million on Binance and ADA approaching the key $1 resistance level, supported by bullish technical indicators and ongoing ecosystem developments.