Cardano’s ADA token climbed about 11% over the past 24 hours, briefly breaking above the psychological $1 mark for the first time since March and reaching its highest level in five months, according to CoinGecko data. The rally lifts ADA’s weekly gain to roughly 27% and propels the token into the crypto market’s ten largest assets by value, overtaking Justin Sun’s Tron. Analysts point to a multimonth “bull flag” breakout and renewed retail interest following last week’s Glacier Drop airdrop—now fully redeemable after the Midnight Foundation provided a workaround for Ledger hardware-wallet users. The broader market backdrop has also turned supportive: Bitcoin set a record high of $124,128 on Wednesday and Ethereum is less than 4% from its peak. Data from CoinGlass show about $481 million in long and short positions were liquidated across digital-asset markets in the past 24 hours.