ADA Surges 2.46% as $70M Upgrade, Rare Evo Hype, and Airdrops Drive Cardano Momentum

Cardano (ADAUSDT) has seen a 2.46% price increase over the past 24 hours, currently trading at 0.7323 on Binance. This upward movement is primarily attributed to positive sentiment following the Cardano community's approval of a $70 million treasury allocation for core protocol upgrades focused on scalability and developer experience, as well as anticipation surrounding the upcoming Rare Evo event and the expected Glacier airdrop announcement. Additional attention has been drawn by the launch of the Midnight airdrop, the introduction of the USDM stablecoin, and ongoing discussions about a potential Cardano ETF decision by the SEC. Trading volume remains robust, though slightly lower than the previous day, with market capitalization near $26.8 billion and a circulating supply of approximately 35.4 billion ADA.