【Crypto World】Recently, Cardano’s market performance has been quite hot. The 24-hour trading volume skyrocketed by 72.89%, reaching a level of $953.21 million, and the price also increased by 6.74%, surpassing $0.4185.
The driving force behind this surge is quite interesting. On one hand, Germany’s DZ Bank regulatory platform officially launched Cardano, which is equivalent to giving it a trust endorsement from the traditional financial perspective. On the other hand, Bitcoin’s strong performance in recent days has also boosted the overall market sentiment.
But what truly activates institutional investors’ enthusiasm is the rumor that Grayscale is expected to launch a spot Cardano ETF. Once this happens, the channel for institutional funds to enter will be fully opened. This also explains why, in this wave of price increase, the growth in trading volume is even more vigorous than the price rise—institutions are quietly positioning themselves.
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LiquidityHunter
· 4h ago
ADA's recent surge is impressive. The institutions are really starting to move. Once Grayscale's spot ETF is approved, this will be a big deal.
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CoffeeNFTs
· 4h ago
ADA, this move is really funny. Institutional FOMO can be triggered so easily.
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NFT_Therapy_Group
· 4h ago
ADA this time really shows institutional FOMO. Grayscale's spot ETF launched with this effect right away.
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RadioShackKnight
· 4h ago
ADA this time definitely has some potential, but I'll wait a bit longer before jumping in. I've seen this FOMO institutional trap many times.
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OnChainDetective
· 4h ago
72.89% volume spike in 24h? nah, that's textbook wash trading signature waiting to happen. traced the wallet clustering—most inflows pointing to three exchange addresses. DZ bank listing sounds legit but timing with btc pump + grayscale rumors? statistically suspicious imo
ADA is booming: 24-hour trading volume surges by 70%, institutional FOMO sentiment heats up
【Crypto World】Recently, Cardano’s market performance has been quite hot. The 24-hour trading volume skyrocketed by 72.89%, reaching a level of $953.21 million, and the price also increased by 6.74%, surpassing $0.4185.
The driving force behind this surge is quite interesting. On one hand, Germany’s DZ Bank regulatory platform officially launched Cardano, which is equivalent to giving it a trust endorsement from the traditional financial perspective. On the other hand, Bitcoin’s strong performance in recent days has also boosted the overall market sentiment.
But what truly activates institutional investors’ enthusiasm is the rumor that Grayscale is expected to launch a spot Cardano ETF. Once this happens, the channel for institutional funds to enter will be fully opened. This also explains why, in this wave of price increase, the growth in trading volume is even more vigorous than the price rise—institutions are quietly positioning themselves.