Cardano (ADA) price is rebounding strongly today, May 20, as Bitcoin (BTC) and most altcoins edge higher. ADA gains will likely continue after founder Charles Hoskinson tapped an audit firm to boost investor confidence after fraud allegations were brought against him. Despite these allegations, nearly $1 billion worth of ADA tokens have left centralized exchanges since 2025. Can this bullish development propel Cardano (ADA) to $3.10? At press time, Cardano trades at $0.74 with a 3% intraday gain. Bulls are eyeing the $1 psychological level if ADA price flips crucial resistance. Cardano Exchange Outflows Mirror 2021 Bull Run According to data from CoinGlass, the total outflow of ADA tokens in 2025 from centralized exchanges hovers around $932 million. The last time an outflow of this magnitude was noted was in 2021 when the Cardano price hit an all-time high of $3.10. Now, ADA price is down roughly 75% from this… Read More at Coingape.com
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