The surge in Cardano's ADA, which hit its highest level since May 2022, reflects strong participation from large traders or "whales" amidst broader crypto excitement.
With ADA's price rising 22% this week, the token has achieved a market cap of $30.85 billion, now ranking as the 10th largest cryptocurrency globally.
The remarkable 300% increase in large transactions involving ADA suggests heightened interest from institutional investors, signaling that this price rally may sustain.
Charles Hoskinson's comments evaluating potential collaborations with the Trump administration have added to the sentiment-driven momentum behind Cardano's recent success.
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