Cardano (ADA) Breaks $1 for First Time in 5 Months – Leads This Week’s Crypto Gainers - Coinedict

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August 14, 2025 – The cryptocurrency market saw big moves this week, but Cardano (ADA) stole the spotlight. The blockchain’s native token surged past the $1 mark for the first time in five months, delivering the strongest weekly performance among major blockchain projects.


ADA’s Big Comeback

According to CoinGecko data, ADA jumped 10.7% in the past 24 hours and an impressive 26.8% over the last seven days. This rally has put Cardano back into the top 10 cryptocurrencies by market capitalization, overtaking TRON (TRX).

During the same period, Bitcoin (BTC) hit a new all-time high of $124,000, and Ethereum (ETH) came within 3.6% of its record level. While both saw strong gains, ADA’s performance topped them in the context of the Glacier Drop airdrop—a multi-chain event that has stirred up activity across eight blockchains.


Glacier Drop Boosts Cardano Activity

The Glacier Drop is a two-month airdrop distributing NIGHT tokens across several major networks, including Cardano, Ethereum, and Solana.

Cardano stood out with the best performance of all participating blockchains. Ethereum followed with a 23.5% gain, while Solana rose 17.1%.

The Midnight Foundation, which is behind the airdrop, also resolved an early Ledger wallet compatibility issue, allowing more users to claim their NIGHT tokens without technical hurdles.


Wider Market Moves

  • BNB climbed 10.8% over the week.
  • OKB skyrocketed 160% after a supply reduction announcement.
  • In the last 24 hours, $481 million worth of crypto positions were liquidated—split almost evenly between long and short trades, according to CoinGlass.

Why This Matters

Cardano’s rebound above $1 is not just symbolic—it reflects growing network participation, boosted by major events like the Glacier Drop. If momentum continues, ADA could strengthen its position in the top 10 and potentially push higher in the coming months.

With Bitcoin and Ethereum already testing historic price levels, ADA’s surge adds another bullish signal to a market that’s heating up fast.

ADA2.23%
IN-5.66%
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