ADA Surges 6.94% as $48M Inflows, ETF Speculation, and Binance Staking Drive Momentum

Cardano (ADAUSDT) has experienced a notable price increase of 6.94% over the last 24 hours, with the current price on Binance at 0.9166 USDT. This upward movement is attributed to several factors, including increased institutional interest following $48 million in fund inflows, ongoing speculation about a potential Cardano ETF, and positive sentiment from recent regulatory developments in the U.S., such as the advancement of cryptocurrency-related legislation in Congress. Additionally, Binance’s introduction of ADA soft staking, allowing users to earn daily rewards with full liquidity, has likely contributed to heightened demand and trading activity. The market has also responded to transparency efforts, with Charles Hoskinson announcing an upcoming audit report of Input Output Global’s ADA holdings.

ADAUSDT is trading with strong momentum, supported by a 24-hour trading volume surge (up to $2.35 billion) and a market capitalization between $30.55 billion and $33.22 billion, reflecting sustained investor interest and active participation in the current market environment.