Cardano Active Addresses Surge 14% Amid CME 24/7 Launch

Cardano (ADA) saw a 14% increase in active addresses, rising from 15,347 on May 31 to 17,500, coinciding with the CME Group's launch of 24/7 crypto futures trading, according to BeInCrypto. This development occurred as Cardano's summit-funding proposal narrowly missed approval, with 65.21% support against the required 66.67%. Despite the bearish sentiment from the failed vote, the CME's move provided a new demand channel, stabilizing market sentiment. ADA whales had already been accumulating, increasing their holdings from 36.48% to 37.23% before the summit vote.