ADA Surges 16% as Cardano Hits $1.38B Volume, Whale Accumulation and Staking Drive Momentum

Cardano (ADAUSDT) has experienced a significant price increase of 16.08% over the past 24 hours, with the current price on Binance at $0.7283, up from a 24-hour open of $0.6274. This surge is attributed to a combination of factors, including renewed bullish sentiment following Bitcoin's rally to new all-time highs, technical breakout above key resistance levels, and a notable 13.66% rise in open interest, indicating increased investor participation. Additionally, large holders have accumulated over 120 million ADA in the past two weeks, and Binance's Soft Staking offering has contributed to increased user engagement. Cardano's trading volume reached approximately $1.38 billion, with the asset ranking as the 11th largest cryptocurrency by market capitalization at around $25.34 billion, and a circulating supply of 36 billion ADA. The most active trading pair is ADA/USDT, with Binance being a leading platform for this activity.