ADA Surges 7.36% as Binance Soft Staking Launch, $1M+ Transfers, and ETF Hopes Drive Momentum

Cardano (ADAUSDT) has experienced a 7.36% price increase over the past 24 hours, with the current price at 0.9267 USDT on Binance. The recent price surge is attributed to several factors, including the launch of Soft Staking for ADA on Binance, which allows users to earn daily rewards with no lock-up, and a notable rise in large transactions, with over 137 transfers exceeding $1 million each in the past week. Additional momentum has been driven by heightened investor confidence, record-high open interest in Cardano futures, and optimism surrounding potential Cardano-linked ETFs, as well as increased institutional interest.

In the last 24 hours, ADA has seen a trading range between 0.8370 and 0.9373 USDT, with trading volume exceeding $2.3 billion and market capitalization reaching approximately $33.22 billion, reflecting strong market activity and positioning Cardano among the top 10 cryptocurrencies by market cap.