ADA Surges 14% as Institutional Interest, Whale Accumulation, and New Binance Pair Fuel Momentum

Cardano (ADAUSDT) experienced a 14.05% price increase over the last 24 hours, rising from 0.2598 to 0.2963 on Binance, primarily driven by renewed institutional interest, notably Grayscale’s increased allocation to Cardano, and significant accumulation by large investors (“whales” and “sharks”). The recent addition of the ADA/U trading pair to Cross Margin on Binance, continued development activity with a new smart contract release, and ADA’s return to the Top 10 by market capitalization further contributed to positive sentiment and elevated trading activity. Current ADAUSDT metrics show a substantial increase in trading volume, with the price fluctuating between 0.258 and 0.3136, and the market capitalization now estimated between $10.42 billion and $11.1 billion, reflecting Cardano’s strong position among leading cryptocurrencies.