# Title: Cardano Price Rebounds Amidst Speculation of Reaching $3.10
## Introduction
Cardano (ADA) has caught the attention of investors as its price experiences a strong rebound on May 20 in correlation with positive movements in Bitcoin (BTC) and other altcoins. Recent developments, including founder Charles Hoskinson’s engagement with an audit firm to address fraud allegations, have sparked optimism among ADA investors.
### ADA Price Rebound and Investor Confidence Boost
The rebound in Cardano’s price today showcases a 3% intraday gain, with ADA trading at $0.74. The founder’s proactive measures to enhance investor confidence following fraud allegations have seemingly resonated positively within the community.
### Potential for ADA to Reach $3.10
Despite the recent scrutiny faced by Charles Hoskinson, Cardano has observed a notable shift in market dynamics. Notably, nearly $1 billion worth of ADA tokens have been withdrawn from centralized exchanges since 2025, a trend reminiscent of the bullish run witnessed in 2021.
## Cardano Exchange Outflows Reflect Past Trends
CoinGlass data highlights that the outflow of ADA tokens from centralized exchanges has surged to approximately $932 million in 2025. This level of outflow had previously been observed during the 2021 bull run when Cardano reached its peak price of $3.10.
## Conclusion
As Cardano continues to showcase resilience amidst market uncertainties, the current price surge and notable outflows from exchanges draw parallels to historical price movements. The potential for ADA to revisit the $3.10 mark raises curiosity among investors, prompting speculation on whether history will repeat itself.
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