ADA Surges as Whale Accumulation Hits $157M and Grayscale Trust ETF Registration Boosts Market

Cardano (ADA) has seen a modest price increase of 1.20% over the last 24 hours, with the ADAUSDT pair currently trading at 0.8922 on Binance. The recent price movement is primarily attributed to significant whale accumulation totaling approximately $157 million in ADA, heightened futures open interest reaching $1.43 billion, and the initiation of the Grayscale Cardano Trust ETF registration, which has boosted market sentiment and activity. Strong trading volume and notable volatility have accompanied this upward trend, with ADA's price fluctuating between a low of 0.7656 and a high of 1.0193 in the past day, and market capitalization estimates ranging from $34.41 billion to $35.35 billion.