#CardanoDebate Cardano's ADA token dipped more than 6% as Charles Hoskinson defended a proposal to deploy 140M ADA from the treasury to kick-start stablecoin liquidity.

ADA fell 6.01% to $0.6412 after rejecting above $0.68 and testing lows near $0.625, according to CoinDesk Research's technical analysis model.

The Cardano community is split over proposed $100M allocation to support stablecoin liquidity.

IOG CEO Charles Hoskinson argued that the sale could be done gradually using over-the-counter trades and algorithmic execution tools, minimizing market impact.

A popular Cardano influencer voiced concern over front-running and sell pressure on ADAV.

Volume surged near $0.622 before price rebounded to $0.64 but faced resistance

Cardano’s ADA token declined 6.01% to $0.6412 as the market reacted to both macro volatility and a heated governance debate over a proposed $100 million treasury allocation aimed at strengthening the DeFi ecosystem.

On Wednesday, the TapTools team asked its followers on X what they think about the idea of deploying 140 million ADA (around $100 million) to provide liquidity for stablecoins like USDM and help power Cardano’s growing decentralized finance sector.