ADA Surges 7.74% Amid $310M Whale Accumulation and Leios Upgrade Optimism After Market Volatility

Cardano (ADA) has experienced a notable rebound in the last 24 hours, with the price rising 7.74% to $0.5918 (Binance data), up from a 24h open of $0.5493. This price recovery follows a period of heightened volatility triggered by broader market selloffs linked to geopolitical tensions in the Middle East, which resulted in significant liquidations across the crypto sector, including nearly $9,960 in ADA long positions. Despite recent declines and ADA entering oversold territory, increased trading activity and accumulation by large holders—who added $310 million in ADA during June—have contributed to renewed buying interest. Optimism around Cardano’s upcoming Leios mainnet upgrade is also supporting sentiment, with traders closely watching for further developments.

Currently, ADA trades at $0.5918 with a 24-hour trading volume of approximately $1.04 billion and a market capitalization of $35.36 billion, ranking it as the 10th largest cryptocurrency. The asset is consolidating near key support levels, with elevated trading volumes indicating ongoing volatility and active market participation.