ADA Token Sees $32M Binance Volume Amid 9,695% Futures Surge and Major Network Upgrades

Cardano (ADAUSDT) traded at 0.3506 USDT on Binance, reflecting a 1.96% decline over the last 24 hours from its 24h open of 0.3576. This price movement follows heightened derivatives activity and increased futures volume, with open interest rising substantially on BitMEX and a notable 9,695.93% surge in the futures market, indicating elevated speculative trading. The recent completion of 40% of the Leios network upgrade, along with over 80 implemented updates, contributed to positive sentiment; however, the market has remained in a consolidation phase with a slight bearish bias amid ongoing corrections and technical resistance around $0.33-$0.36. Additional factors influencing trading include CME Group's plans to launch Cardano futures and increased focus on privacy technology via the Midnight project, both driving institutional and developer interest. Over the last 24 hours, ADA/USDT on Binance saw a trading volume of $32.2 million, with the broader Cardano market volume ranging from $321.7 million to $512.2 million and the asset ranking 12th by market capitalization at approximately $13 billion.