Cardano Gains Momentum as CME Exchange Prepares ADA Futures Launch
Cardano's native token ADA surged 3% to $0.267, with intraday peaks reaching 10% as it rebounded from weekly lows near $0.22. The recovery mirrors Bitcoin's 3% climb, lifting the total crypto market cap by 2.73% to $2.33 trillion.
Institutional interest intensified as Grayscale increased ADA's weighting in its Smart Contract Fund from 18.55% to 19.50%. Whales accumulated $40 million worth of ADA, with holdings between 10-100 million tokens rising from 13.41 billion to 13.56 billion.
Market anticipation builds for CME's February 9 launch of ADA futures, offering both standard (100,000 ADA) and micro (10,000 ADA) contracts. The Midnight ecosystem's NIGHT token added 15%, compounding bullish sentiment across Cardano's network.