Overview
- ADA has climbed about 11% in May and trades near $0.27–$0.28, with sellers parked around $0.28 and a larger supply zone at $0.30–$0.32.
- Charles Hoskinson said a revised U.S. CLARITY Act draft recognizes ADA as a non-security, a shift that reflects Cardano’s decentralized governance and could ease legal risk for the token.
- Passage of the bill remains uncertain as banks lodged thousands of objections and prediction markets now put its odds near 60%.
- Santiment reports wallets holding at least 1 million ADA now control 25.09 billion tokens, or 67.47% of supply, showing steady accumulation since December 2023.
- Derivatives interest has grown from $69 million in February to about $122 million, and Binance data show a 2.30 long‑to‑short ratio, which boosts upside potential but also raises liquidation risk if momentum fades.