Cardano Jumps 10.9% to $0.7691 as 74% of Supply Turns Profitable

By: coinchapter|2025/05/09 23:45:04

Data from TradingView confirms the sharp upward move. The momentum pushed ADA out of its previous range, lifting it to a multi-week high. The rally also came with increased trading volume, signaling stronger participation from both spot and derivatives traders. The rise positions ADA among the day’s top performers. Its short-term recovery also sparked renewed interest in ADA’s on-chain and futures metrics. Over 74% of ADA’s Supply Now in Profit According to Santiment, 74.14% of Cardano’s circulating supply—26.91 billion ADA—is currently held at a profit. This metric reflects the percentage of tokens whose current value exceeds their acquisition cost. The spike in profit supply typically shows that many investors are in a positive position. It can also suggest an increase in accumulation. When more holders are in profit, they may choose to hold longer or reduce selling pressure. Historical patterns show that a rising profit supply often corresponds with positive sentiment. However, it may also raise the risk of profit-taking during future price increases. Santiment’s chart shows that this is the highest profit level ADA has reached in weeks. It suggests that most recent buyers are now above their breakeven levels. ADA Funding Rate Remains Positive in Derivatives Market Data from CoinGlass reveals that ADA’s funding rate currently stands at 0.0099%. This number reflects payments made between traders in perpetual futures contracts. A positive funding rate means traders holding long positions are paying those with short positions. This dynamic suggests that more traders expect prices to rise than fall. It also points to a growing number of long contracts in the market. Funding rates serve to align futures prices with the spot market. When rates stay in positive territory, it reflects an imbalance favoring buyers. This often occurs during periods of strong bullish positioning. The data shows that ADA traders in the derivatives market continue to build long exposure. While the rate is still modest, its consistency may signal confidence among futures participants.

A Polymarket user supported nearly half of Trade.xyz's "active addresses" with 34,000 wallets, yet contributed less than 1% of the trading volume. The real support for the market comes from market-making institutions like Jump, Selini, and Wintermute, as well as a group of directional traders crossi...

Binance quietly placed a bet on a leading large model company

In the past year, YZi Labs has significantly accelerated its investments in the AI field, from educational agents to physical robots, and then to large models, with crypto capital and AI technology rapidly integrating.

Best Crypto Discord Server 2026: Why Jacob’s Crypto Clan Is Gaining Massive Attention

Jacob’s Crypto Clan has grown into one of the most active crypto Discord communities, with over 45K members and continuing to expand. This rapid growth reflects strong demand for structured trading insights and real-time collaboration.

Tom Lee Buying ETH: Why Wall Street’s Loudest Ethereum Bull Keeps Doubling Down

Tom Lee keeps buying ETH through every dip, every drawdown, and every moment of market doubt. Inside the strategy that's turning Ethereum into a treasury asset — and what it signals for the rest of the market.

Stripe Sessions 2026: AI Agent, Global Payments, and Invisible Crypto Infrastructure

Stablecoins have finally begun to enter the real business world, but this time, the main character may not be exchanges, wallets, or public chains, but Stripe. It encapsulates KYC, wallets, gas, compliance, and settlement, allowing businesses to access on-chain assets just like using regular payment...

Where will South Korea's cryptocurrency taxation head?

There is little time left before South Korea implements cryptocurrency taxation, but the current tax laws only cover simple spot and currency-to-currency transactions. Driven by the international tax information exchange standard (CARF), South Korea is comprehensively building an intelligence analys...

Legendary investor Naval: Apple is dead, SaaS will follow suit, and entrepreneurs have 18 months to reshape their moats

"You can continue to hold Apple stock. Just don't expect that what you hold is stock in a growth company."

Morning Report | Visa includes Polygon in its global stablecoin settlement program; MoonPay invests $100 million to acquire security company Sodot; Digital wallet platform Belo completes $14 million Series A financing

Overview of Important Market Events on April 29

Full text of the Federal Reserve's decision: Holding steady for the third consecutive time but increasing divisions

The Federal Reserve has kept interest rates unchanged for the third consecutive time, but there were internal voting disagreements, with one official advocating for a rate cut while three others opposed signaling easing. The situation in the Middle East and fluctuations in energy prices further ampl...

Dan Bin takes action, building a position in Circle

If Web3 only stays at the level of price and narrative, traditional capital will find it difficult to truly enter; but once a group of companies that can be clearly explained and included in balance sheets begins to emerge, the way the industry participates will change.

The Impossible Triangle of DeFi Lending

Borrowers want fixed interest rates, while lenders seek immediate liquidity; this is the dilemma of on-chain lending, where both cannot be achieved simultaneously.

Bitcoin ETF News: Why Bitcoin Is Falling Even After $2.43B ETF Inflows in April

Bitcoin ETF news today shows $2.43B in April inflows as institutions absorbed thousands of BTC, yet the price dropped from $79K to $76K. Traders are now watching whether the $80K resistance breaks or triggers another pullback.