ADA Surges 7.16% on Whale Activity and Glacier Drop Airdrop, Trading Volume Tops $2.12 Billion

Cardano (ADAUSDT) experienced a notable price increase of 7.16% in the last 24 hours, rising from 0.9080 to 0.9730 on Binance. This upward movement is primarily attributed to heightened whale activity, with large holders controlling over 405 million ADA, and increased trading volume following the recent "Glacier Drop" airdrop, which boosted network engagement. Additional factors include positive sentiment from ADA surpassing the $1 mark and ongoing network upgrades, such as the Chang and Plomin hard forks, which have contributed to market optimism.

Currently, ADAUSDT is trading at 0.9730 with a 24-hour trading volume exceeding $2.12 billion and a market capitalization of approximately $34.38 billion. The asset has shown strong bullish momentum, posting a 7.16% gain in the last 24 hours and a 20% increase over the past week.