ADA Surges 2.22% as Cardano Climbs Top 10, Fueled by $71M Treasury and Glacier Drop

Cardano (ADAUSDT) has shown upward momentum in the past 24 hours, with the price rising 2.22% to $0.9457 on Binance. The increase in open interest for ADA futures by over 25%, recent large transactions, and heightened network activity from the "Glacier Drop" airdrop have contributed to the positive price movement. Additional factors include Cardano’s $71 million treasury allocation for development, ongoing Hydra Layer-2 scalability upgrades, and Grayscale’s registration of a Cardano trust, which has fueled investor interest. Despite broader market volatility, ADA has demonstrated resilience, outperforming other major cryptocurrencies and reclaiming a spot in the top 10 by market capitalization. Trading volume remains robust, with Binance reporting $4.06 billion in the last 24 hours, and the circulating supply is approximately 36 billion ADA.