Nearly $1 billion worth of Cardano (ADA) tokens has been withdrawn from centralized exchanges since early 2025, reminiscent of movements before its all-time high in 2021.
The outflow trend suggests a shift towards long-term holding or accumulation, potentially leading to supply constraints on exchanges and fueling Cardano's next bull run.
Charles Hoskinson confirmed speculation about a potential DeFi collaboration with Litecoin, indicating a significant cross-chain partnership in the decentralized finance ecosystem.
Positive sentiment is also fueled by the increasing likelihood of a U.S. exchange-traded fund (ETF) approval for Cardano, with demand from institutional investors and Grayscale's filing further supporting ADA's growth potential.