#CardanoDebate Charles Hoskinson’s Post-Budget Summit Proposal (June 2025)

Cardano founder Charles Hoskinson proposed a summit to review the 2025 budget cycle, suggesting participation from funded projects, governance institutions, key decentralized representatives (dReps), and the Constitutional Committee. This proposal sparked a debate within the community about inclusivity and the scale of such events. Some members advocated for broader participation, while others expressed concerns about managing a large number of attendees.As of June 14, 2025, Cardano (ADA) is trading at approximately $0.638 USD. Here's a snapshot of its current performance:

📉 Market Overview

24-Hour Change: ADA has experienced a decline of about 6% over the past 24 hours, primarily due to internal debates within the Cardano community regarding a proposal to deploy 140 million ADA from the treasury to enhance stablecoin liquidity.

Technical Indicators: ADA is currently facing downward pressure, with a falling wedge pattern suggesting a potential drop to $0.50 if the support level fails to hold.