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

By: coinchapter|2025/05/09 23:45:04
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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.

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