Institutional Interest and Speculations About $ADA Collaborating with the Trump Administration

Tagus Capital highlighted in its daily bulletin that the sharp rise in large transactions indicates increased interest from institutional investors. Part of this momentum is also linked to speculation raised by Cardano founder Charles Hoskinson, who hinted at the possibility of cooperating with the Trump administration on crypto-friendly policies

$ADA Price Rises to $1 on Whale Accumulation

Cardano (ADA) has reached its highest price since May 2022, driven by significant activity from large investors and growing interest in altcoins in the cryptocurrency market.

Cardano’s ADA has surged to its highest price since May 2022 / Source: TradingView

ADA Benefiting from Altcoin Interest

As Bitcoin (BTC) crosses $99,000, approaching the psychological threshold of $100,000, capital has begun to shift towards altcoins. These trends have revitalized the broader crypto market, with Cardano’s native ADA token emerging as one of the leaders. On Friday morning, ADA was up 10%, trading at $0.90 on platforms like Coinbase. That’s its highest price in more than two and a half years, according to data from CoinDesk. It was up to $1.04 on Saturday morning.