#CardanoDebate

Cardano’s ADA dropped 6% to $0.6412 amid heated debate over a proposed $100 million treasury allocation to boost DeFi liquidity. The plan, which would swap 140M ADA for stablecoins like USDM, has divided the community. Critics, such as @cardano_whale, warn of sell pressure, while founder Charles Hoskinson dismissed concerns as a "false narrative," advocating gradual OTC conversions to minimize market impact .

Technical charts show ADA struggling to hold $0.68, with resistance at $0.645. Meanwhile, broader market sell-offs and regulatory uncertainties add to the volatility . The outcome hinges on governance votes, balancing short-term risks against long-term DeFi growth.