ADA Surges 4.97% to Five-Month High as Whale Accumulation and ETF Filing Drive Momentum

Cardano (ADAUSDT) has experienced a 4.97% price increase in the last 24 hours, rising from 0.9138 to 0.9592 on Binance. This bullish momentum is attributed to several factors: whale wallets have accumulated over 200 million ADA, open interest in ADA futures reached $1.82 billion, and Grayscale filed for a Cardano Trust ETF in Delaware, signaling growing institutional interest. Additionally, ADA broke a long-term downtrend and reached a five-month high, supported by strong buyer activity and increased trading volume. Currently, ADA trades at 0.9592 with robust 24-hour volume and remains among the top 10 cryptocurrencies by market capitalization.