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Cardano (ADA) Skyrockets 75% in Volume Amid $284 Million Short Liquidation
In a stunning turn of events, Cardano (ADA) has witnessed an astonishing surge in trading activity, with its 24-hour volume increasing by an incredible 75%. This dramatic rise comes as the broader crypto market experiences a staggering $284 million in short liquidations, forcing many bearish traders to abandon their positions and contribute to upward pressure on asset prices.
According to CoinMarketCap data, Cardano’s trading volume has skyrocketed to reach $1.15 billion. This significant increase may be attributed to a surge in trader interest as short sellers are forced to exit their positions following the sharp price rebound.
Source: u.today
