ADA Token Surges 2% as Whale Accumulation and Record Transactions Drive $432M Trading Volume

Cardano (ADAUSDT) has experienced a 2.07% price increase over the past 24 hours, with the current price at 0.5856 USDT on Binance. This recent price movement is attributed to ongoing whale accumulation, increased staking activity, and a surge in trading volume, which exceeded 31 million ADA in the past week. The Cardano network also reached a significant milestone of 111 million transactions, and development activity remains high, contributing to positive sentiment. However, market volatility persists, as technical indicators have shown both bullish and bearish signals, including a recent "death cross" and notable liquidation events in futures trading. Trading volume over the last 24 hours surged by more than 59%, ranging from $287 million to $432 million, reflecting heightened market participation. Cardano's market capitalization stands above $20 billion, with a circulating supply of approximately 35.4 billion ADA.