Cardano ADA Bullish Surge: 10% Rally Sparks Market Optimism

Cardano’s ADA token has experienced a significant 10% surge, reaching price levels not seen since early March. This bullish momentum has revitalized investor confidence across both spot and derivatives markets. On-chain data reveals that 74.14% of ADA’s circulating supply is now in profit, signaling potential for further accumulation and upward trends.

Cardano Surges 10% as Bullish Momentum Returns

Cardano’s ADA token rallied sharply, climbing 10% to reach levels last observed in early March. The MOVE has reinvigorated bullish sentiment across both spot and derivatives markets.

On-chain metrics from Santiment show 74.14% of ADA’s circulating supply—26.91 billion tokens—now sits in profitable territory. Such spikes in profit supply historically precede accumulation phases and sustained upward trends as market psychology shifts.

Cardano Traders Eye New Alternatives as ADA Struggles to Break $1

Cardano (ADA), once a dominant force in the crypto market with its methodical approach to decentralized applications, faces growing competition as traders reassess their portfolios ahead of the anticipated 2025 bull run. ADA’s inability to breach the $1 resistance level has prompted a shift in sentiment.

Mutuum Finance (MUTM) emerges as a contender, attracting attention with its ongoing Phase 4 presale priced at $0.025 per token. The project reports strong traction, with over 9,600 investors and $7.9 million raised. With Phase 5 expected to bring a 20% price increase, early investors could see 140% gains at launch.

Cardano Founder Breaks Silence on Trump ’Diet Coke’ Meeting Controversy

Charles Hoskinson, founder of Cardano (ADA), has publicly addressed the mysterious circumstances surrounding a canceled meeting with former U.S. President Donald Trump. The incident, referred to by insiders as the ’Diet Coke’ meeting, traces back to discussions at the September 2024 SALT conference in Jackson Hole.

Hoskinson revealed he had engaged with Trump transition team advisers about creating a crypto czar position and a broader cryptocurrency commission. The Cardano creator signaled willingness to participate in such regulatory efforts during his May 8 livestream from Colorado, marking his first public comments on the aborted Mar-a-Lago engagement.

Cardano Shows Signs of Recovery After 40% March Decline

Cardano’s ADA appears poised to reclaim losses sustained during March’s market downturn, with network metrics suggesting a potential reversal of bearish trends. The cryptocurrency’s MVRV Long/Short Difference currently sits at -89%, indicating divergent fortunes between long-term holders facing minimal profits and short-term traders enjoying gains.

Historically, such extreme negative values in this oscillator signal approaching cycle bottoms. As short-term holders begin selling, new capital typically enters the market—creating upward price pressure that could sustain ADA’s recovery momentum. Network fundamentals combine with improving market conditions to paint a cautiously optimistic outlook for cardano investors.