Cardano (ADA) climbed to $0.195, its highest level since July 4, with its market capitalization rising 24% over the past week. The rally comes even as the number of non-empty ADA wallets has fallen by 7,070 over the past two months, suggesting larger investors are absorbing supply while retail participation remains subdued. The move is also supported by ongoing ecosystem developments, including Leios testnet progress, Hydra scaling upgrades, Mithril enhancements, Pyth integration, and new Project Catalyst funding initiatives.
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