ADA Surges 3.83% as Cardano Approves 96.8M Token Upgrade, Trading Volume Tops $1.13B

Cardano (ADAUSDT) has risen 3.83% in the past 24 hours, trading at $0.7543 on Binance, with the price rebound attributed to renewed market activity following the Cardano community's approval of a 96.8 million ADA treasury allocation for protocol upgrades focused on scalability and governance, as well as increased accumulation by large holders. The recent uptick in trading volume, exceeding $1.13 billion, reflects heightened investor interest amid anticipation of upcoming developments such as the Midnight Airdrop and ongoing technical upgrades, despite ADA's 5.8% decline over the past week and continued volatility around key support and resistance levels. Cardano's market capitalization is currently estimated between $26 and $27 billion, with a circulating supply of approximately 36 billion ADA.