ADA Surges 3.91% as Cardano Community Approves $71M Treasury Upgrade, Trading Volume Tops $1B

Cardano (ADAUSDT) has experienced a 3.91% price increase over the past 24 hours, with the current price at 0.7542 USDT on Binance. The primary driver behind this upward movement is the Cardano community's recent approval of over 96 million ADA (approximately $71 million) from the treasury to fund major protocol upgrades, including enhancements to Ouroboros Leios and Hydra. This governance milestone has generated positive sentiment and increased trading activity, as reflected in the notable rise in 24-hour trading volume and a break above the $0.75 resistance level.

Currently, ADA maintains a market capitalization of around $27 billion and a circulating supply near 36 billion tokens. Trading volume has surged, with figures exceeding $1 billion in the last 24 hours, indicating heightened market participation following the funding announcement and ongoing protocol developments.