August 15, 2025
5 min read
Lydie Musekwa
ADA Ranks Among This Week’s Top Crypto Gainers
This week, the cryptocurrency market saw new records and remarkable gains for several assets. ADA, the native token of the Cardano blockchain, stood out by exceeding the $1 mark for the first time in five months.Key Highlights
- Cardano’s ADA surged 10.7% in 24 hours and 26.8% over seven days, crossing the $1 threshold.
- The Glacier Drop airdrop distributing NIGHT tokens on eight blockchains, including Cardano, boosted activity.
- While Bitcoin reached a new record high of $124,000 and Ethereum neared its all-time peak, ADA posted the best weekly performance among the blockchains involved in the Glacier Drop.
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ADA Crosses $1 and Climbs Market Ranks
In just 24 hours, ADA rose 10.7%, briefly surpassing the $1 level. Over the course of a week, it gained 26.8%, according to CoinGecko data. This impressive rise propelled ADA to become one of the top performers among the top 100 cryptocurrencies by market capitalization as of August 14. No other major crypto asset recorded such a significant single-session increase during this period. Over the week, ADA ranked fifth in gains, behind only four other cryptocurrencies. This surge happened alongside Bitcoin reaching a new all-time high above $124,000 and Ethereum trading just 3.6% below its record price. ADA also outperformed TRON (TRX), reclaiming a spot in the top 10 cryptocurrencies by market cap.Impact of the Glacier Drop and Technical Fixes
A key driver behind Cardano’s momentum was the launch of the Glacier Drop, a two-month airdrop distributing NIGHT tokens across eight blockchains, including Cardano. Initially, Ledger wallet users faced a software issue preventing them from claiming tokens on Cardano. The Midnight Foundation quickly resolved this, enabling full participation. Among the blockchains involved, Cardano posted the strongest weekly performance, with Ethereum following at a 23.5% gain over the same period. Other notable weekly gains included Solana (+17.1%), BNB (+10.8%), and Bitcoin (+3.9%). Additionally, the OKB token from the OKX exchange surged over 160% after announcing a supply reduction. According to CoinGlass data, $481 million worth of positions were liquidated within 24 hours, split nearly evenly between short and long positions.Maximize your crypto knowledge with Cointribune’s "Read to Earn" program — earn points and unlock exclusive rewards by reading articles.