$Here’s the latest on the #CardanoDebate:
Cardano’s token ADA recently dropped about 6% after a heated community discussion over a proposed $100 million allocation from the treasury to boost stablecoin liquidity . The price fell from around $0.688 to a low near $0.625 before recovering to roughly $0.64, signaling both panic selling and opportunistic accumulation .
At the heart of the debate is Cardano founder Charles Hoskinson’s suggestion to gradually convert 140 million ADA into stablecoins—or even Bitcoin—through over-the-counter or algorithmic execution (like TWAP) to deepen DeFi support . While Hoskinson calls fears of price impact a “false narrative,” critics—including prominent influencers—warn that announcing such a move publicly invites front-running, increasing downside risk to $0.50 if execution isn’t discreet .
Meanwhile, Cardano’s on‑chain governance is also under scrutiny over budgeting frameworks such as the Net Change Limit (NCL)—a cap on annual treasury withdrawals. The community just approved a 350 million ADA cap for 2025, overruling conservative proposals in the name of ensuring sufficient funding while stressing the importance of transparency .
Other recent developments show institutional and community dynamics shifting: ADA was included in Nasdaq’s crypto index on June 10, sparking a +3% gain, and large holders accumulated over 170 million ADA in late May . But network scaling—TPS capacity and actual delivery on upgrades like Leios, Hydra—remains a concern, despite theoretical capacity promising—adding further tension
