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

By: coinchapter|2025/05/09 23:45:04
0
Share
copy
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.

You may also like

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.

What Is RWA in Crypto? Real-World Assets Explained (2026 Guide)

What Is RWA in Crypto?RWA stands for Real-World Assets — traditional financial assets like bonds, real estate, gold, and private credit that have been converted into blockchain tokens.

Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil

The narrative of RWA is not about traditional finance trying to capture crypto users, but rather crypto trying to capture traditional users.

Altcoin Price Outlook 2026: The Rotation Is Coming — Just Not the Way You Think

Bitcoin dominance at 58%, Fear & Greed at 39. If you think altcoin season is dead, you're reading the wrong signals. Here's what the data actually says about what comes next.

Oracle: The Second Battlefield Behind the Prediction Market War

By 2026, the oracle track has essentially evolved from the early "data pipeline" into a "verifiable facts layer" that supports the entire on-chain economy, and prediction markets serve as a magnifying glass to observe the competition in this red ocean.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com