Cardano’s ADA token has been gaining significant momentum, surging 10% in the past 24 hours to reach 90 cents — its highest point since May 2022. This marks a remarkable 22% gain over the past week, and a staggering 152% increase over the past month. These price increases have propelled ADA’s market capitalization to $30.85 billion, positioning it as the 10th largest cryptocurrency.
This rally is accompanied by heightened activity from major investors, with whales — large holders of ADA — now controlling over $12 billion in the asset, according to data from Tagus Capital. Additionally, on-chain data reveals a 300% spike in large ADA transactions over just the last two weeks, signaling increased institutional involvement.
The boost in ADA’s price is further supported by speculation about potential collaborations between Cardano’s founder, Charles Hoskinson, and the Trump administration. This optimism about a crypto-friendly regulatory environment could help sustain ADA’s upward trajectory in the coming months. With growing institutional interest and significant whale activity, many believe this rally could have long-term staying power, suggesting a positive outlook for ADA’s future.
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