Binance Traders Bullish on Cardano (ADA) as Exchange Outflows Hint at Major Accumulation
Cardano’s ADA token is showing strong signs of a potential breakout, with key technical indicators and exchange outflows reminiscent of its 2021 bull run. Binance traders are overwhelmingly long on ADA, signaling strong market confidence despite ongoing legal concerns surrounding its founder.
Cardano (ADA) Price Eyes Breakout as Exchange Outflows Signal Accumulation
Cardano’s ADA has reclaimed the $0.75 support level amid bullish technical formations across daily and 4-hour charts. Exchange data reveals $932 million in ADA outflows this year—a pattern last observed before its 2021 parabolic rally to $3.10.
Market sentiment leans heavily long, with 74% of Binance traders maintaining bullish positions. Pending resolution of fraud allegations against founder Charles Hoskinson could introduce volatility, though technical targets at $0.84, $0.90 and $1.00 remain in play.
The asset’s current momentum mirrors historical accumulation phases, with the $1.32 level emerging as a potential upside target should buying pressure sustain. Market structure now resembles pre-bull market conditions observed three years prior.
Binance to List World Liberty Financial USD (USD1)
Binance will introduce World Liberty Financial USD (USD1) for trading on May 22, 2025, at 12:00 UTC. The USD1/USDT spot trading pair will be available, providing traders with a new stablecoin option on the platform.
USD1, a US dollar-backed digital asset issued by World Liberty Financial (WLFI) and managed by BitGo Trust Company, aims to deliver stability and security in the volatile crypto market. This listing underscores Binance’s commitment to expanding its stablecoin offerings.
Sold Your Bitcoin At $77,000? Binance’s CZ Has An Advice For You
Bitcoin surged to a record $111,880, marking a 3.5% gain and pushing its market capitalization past $2.2 trillion—eclipsing Amazon. Former Binance CEO Changpeng Zhao cautioned investors who sold at $77,000, emphasizing the pitfalls of short-term trading. "Focus on long-term trends," he advised, as analyst Fred Krueger projected a clear runway to $150,000 once $110,000 is decisively breached.
Institutional momentum intensified with Bitcoin spot ETFs absorbing $3.6 billion in May alone, including $608.99 million in fresh inflows during the latest rally. The cryptocurrency’s ascent reflects growing mainstream adoption, with Binance remaining a pivotal exchange for trading activity.
BNB Rallies 5% Amid Binance Ecosystem Strength as Bitcoin Nears All-Time Highs
BNB surged 5% in 24 hours, outpacing broader crypto market gains as the Binance ecosystem demonstrates robust activity. The token’s rally coincides with Bitcoin’s march toward record highs, reflecting renewed institutional interest in digital assets.
On-chain metrics reveal accelerating adoption, with BNB Chain processing over 8 million daily transactions and surpassing 2 million active wallet addresses. Technical analysis shows strong support at $682, with buyers consistently defending this level despite minor resistance NEAR $684.
Notable volume spikes occurred between 15:00-16:00 UTC on May 21st, exceeding 180K transactions. The $663-$670 zone has emerged as critical support, confirming bullish momentum for the exchange token.
BUILDon Memecoin Surges 500% Following Trump-Linked WLFI Endorsement
The meme coin $B (BUILDon) skyrocketed over 500% in 24 hours after World Liberty Financial (WLFI), a Trump-affiliated entity, publicly backed the project and disclosed a significant token purchase. The rally marked one of the largest single-day pumps on BNB Chain.
WLFI confirmed acquiring 636,000 $B tokens for approximately 25,000 USD1—a Binance-partnered stablecoin. The on-chain transaction lent credibility to the endorsement, contrasting with typical speculative HYPE in the memecoin space.
The organization praised BUILDon’s use of USD1 as a base trading pair, citing improved settlement speed and liquidity depth. This institutional nod comes amid growing debate about memecoins’ role in mainstream crypto adoption.
Huma Finance Launches on Binance as 70th Launchpool Project
Binance introduces Huma Finance (HUMA) as its latest Launchpool initiative, marking the 70th project on the platform. Stake BNB, FDUSD, or USDC to farm HUMA tokens over a three-day period before trading goes live.
The token debuts May 26 with 1.73 billion HUMA (17.33% of total supply) initially circulating across five trading pairs. Huma’s PayFi infrastructure targets cross-border payment inefficiencies, promising instant fund accessibility through card networks and remittance channels.
