Cardano's native token ADA experienced a significant 5% surge, reaching $0.7265, following the community's approval of its first treasury-funded development proposal. With 73% support, the vote marks a historic milestone for Cardano, unlocking funds for critical network upgrades such as transaction capacity improvements and cross-chain compatibility enhancements. Input Output Engineering's roadmap received overwhelming backing, signaling a pivotal shift in Cardano's governance and development trajectory. The excitement around the Midnight airdrop further fueled the bullish sentiment, positioning ADA for potential future gains. As of August 5, 2025, Cardano continues to demonstrate strong community engagement and technological progress, reinforcing its position in the competitive cryptocurrency landscape.
Cardano (ADA) Price Surges Amid Treasury Funding Approval and Midnight Airdrop Hype
Cardano's native token ADA rallied 5% to $0.7265 after the blockchain's community approved its first treasury-funded development proposal with 73% support. The historic vote unlocks funds for Core network upgrades including transaction capacity improvements and cross-chain compatibility enhancements.
Input Output Engineering's roadmap secured overwhelming backing, marking a pivotal shift in Cardano's governance model. Charles Hoskinson proposed a bond structure for Snek memecoin's 5 million ADA funding request, while technical analysts identified a cup-and-handle pattern suggesting potential upside to $4.
The $71 million development fund and upcoming Midnight airdrop have reignited institutional interest. ADA's market capitalization reached $25.65 billion as trading activity surged following the August 3 announcement.
