ADA Surges 3.44% Amid $26.66M Liquidations and $647M Volume—Short-Term Traders Reshape Cardano Market

Cardano (ADAUSDT) experienced a 3.44% price increase in the last 24 hours, rising from 0.3900 to 0.4034 on Binance. The price change is attributed to increased trading activity and shifting holder sentiment, with significant long liquidations ($26.66 million) and ongoing selling by long-term holders, suggesting redistribution to short-term traders. The market saw notable volatility and a spike in volume, reaching up to $647 million across platforms, as ADA consolidated near the $0.39–$0.40 range. The current market capitalization is approximately $14 billion, and the circulating supply stands at 35.96 billion ADA.