- Almost a billion dollars’ worth of ADA has quietly left centralized exchanges this year, a sign that investors are choosing to lock in for the long haul.
- Cardano’s prospects are enhanced by other aspects, such as introducing an ADA Exchange-Traded Fund (ETF).
Cardano (ADA) is starting to regain the spotlight as market sentiment turns increasingly bullish. Investors are looking at the possibility of ADA revisiting its all-time high of $3.10, a level last seen in September 2021. With ADA currently trading at approximately $0.728, the cryptocurrency remains about 71% below its all-time high of $3.10 reached in September 2021.
One indicator supporting this is the outflow of ADA seen from centralized exchanges. Data from CoinGlass reveals that over $932 million worth of ADA was withdrawn from exchanges in 2025 alone. This points to an increase in investors’ confidence in ADA.
The trading activity across major exchanges paints a clear picture. Binance leads with the highest ADA volume at $2.19 million, followed by Bybit at $757,300. Interestingly, Bybit also tops the list for net inflows, attracting $259,750, while Binance follows with $178,300. These inflows show that fresh capital is still cautiously entering ADA markets.
From a technical perspective, ADA is holding within a critical support zone between $0.68 and $0.74—a range traders are closely watching for confirmation of a price floor. The Relative Strength Index (RSI) stands at 51, reflecting balanced momentum: not overly overbought nor in accumulation territory.
However, overall market participation has slowed slightly. The trading volume has dropped by 33.40% to $1.34 billion, and open interest is down 2.14% to $851.37 million. The worst decline is in the options market, where volume is down by nearly 93%, indicating a reduction in speculative trade.
What is propelling the bullish outlook?
As reported by CNF, Charles Hoskinson has faced allegations from Masato Alexander, who claims that Hoskinson misappropriated 318 million ADA during the 2021 Allegra hard fork. In his defence, Charles stated that a Move Instantaneous Rewards (MIR) transaction was used to quietly redirect unclaimed ADA from early investors into Cardano’s treasury without clear communication or consent.
Hoskinson has denied any claims from Alexander. In his view, the investors legitimately redeemed 99.8% of the ADA vouchers received from the first token sale. As a result, he announced on a post on X that an independent audit report would soon be made public to show the details regarding the redemption history and crowdsale process in complete transparency, which could go a long way in rebuilding confidence and repairing his reputation.
This aside, Cardano’s prospects are enhanced by other aspects, such as introducing an ADA Exchange-Traded Fund (ETF). A recent Crypto News Flash report suggests that the prediction platform Polymarket now offers a 55% probability of a Cardano ETF being approved by the end of 2025, up a 45% bet from a similar bet placed earlier this year.
This is because of the positive regulatory policies that Donald Trump has put in placed in his administration. Paul Atkins, a pro-crypto voice, recently took over as SEC Chair, with him in office, the environment for digital asset innovation appears to be on greener pastures. Atkins has expressed intentions to introduce clearer regulations for the crypto industry, potentially paving the way for new financial instruments like an ADA ETF.
