TechFlow news, on November 22, according to CoinDesk, Cardano's native token ADA broke through $0.90, reaching its highest level since May 2022. Data shows that ADA surged 10% within 24 hours and has risen 152% so far this month, with its market capitalization climbing to $30.85 billion, ranking it tenth among global crypto assets.
On-chain data indicates that whale addresses holding more than $10 million worth of ADA now collectively hold over $12 billion. Analysis firm IntoTheBlock reported that large ADA transactions have surged by 300% over the past two weeks, signaling a significant increase in institutional investor interest.
Tagus Capital noted in its latest report that aside from positive market sentiment, rising prices were also driven by Cardano founder Charles Hoskinson hinting at potential collaboration with the Trump administration on crypto-friendly policies.
