On October 5, ADA rose 11% in a single day to $0.273, its highest level since May this year.
The rise wasn’t driven by just one thing—several factors came together:
In August this year, T. Rowe Price added ADA to its actively managed crypto ETF (TKNZ, with approximately $16.5 million in assets under management and 0.44% allocated to ADA). This was the first time a traditional U.S. financial product officially allocated to ADA—and it was only allowed after the SEC completed its compliance review. The significance of that signal is greater than the size of the allocation itself.
On October 3, RealFi, an RWA platform backed by Charles Hoskinson, officially launched its mainnet, claiming to offer yields of around 9% annually.
On October 7–8, Cardano will make an appearance at TOKEN2049 Singapore.
These three developments coincided with a short squeeze—CoinGlass data shows that $1.89 million in short positions were liquidated over 24 hours, accounting for about 94% of all liquidations.
But there’s one figure worth paying attention to today:
While the price rose 11%, DEX trading volume on the Cardano blockchain fell from $11.74 million on October 1 to $5.72 million on October 3.
The price is rising while on-chain activity is shrinking—this rally is being driven by centralized exchanges and the derivatives market, not by genuine on-chain demand.
That’s not to say this rally is fake, but its sustainability will depend on whether on-chain data can catch up in the days ahead.
$0.28 is the nearest resistance today, while holding $0.25 is the bulls’ bottom line.
What do you think of this ADA rally?
$ADA
$BTC
#ADA涨10%突破0.27美元
The rise wasn’t driven by just one thing—several factors came together:
In August this year, T. Rowe Price added ADA to its actively managed crypto ETF (TKNZ, with approximately $16.5 million in assets under management and 0.44% allocated to ADA). This was the first time a traditional U.S. financial product officially allocated to ADA—and it was only allowed after the SEC completed its compliance review. The significance of that signal is greater than the size of the allocation itself.
On October 3, RealFi, an RWA platform backed by Charles Hoskinson, officially launched its mainnet, claiming to offer yields of around 9% annually.
On October 7–8, Cardano will make an appearance at TOKEN2049 Singapore.
These three developments coincided with a short squeeze—CoinGlass data shows that $1.89 million in short positions were liquidated over 24 hours, accounting for about 94% of all liquidations.
But there’s one figure worth paying attention to today:
While the price rose 11%, DEX trading volume on the Cardano blockchain fell from $11.74 million on October 1 to $5.72 million on October 3.
The price is rising while on-chain activity is shrinking—this rally is being driven by centralized exchanges and the derivatives market, not by genuine on-chain demand.
That’s not to say this rally is fake, but its sustainability will depend on whether on-chain data can catch up in the days ahead.
$0.28 is the nearest resistance today, while holding $0.25 is the bulls’ bottom line.
What do you think of this ADA rally?
$ADA
$BTC
#ADA涨10%突破0.27美元
