$ADA

CardanoDebate ignites when Charles Hoskinson proposes to convert 100 million dollars from the ADA treasury into stablecoins and Bitcoin to increase DeFi liquidity. Critics, such as @cardano_whale, warn of mass selling pressure, fearing that front-running could collapse ADA to 0.50 dollars.

Hoskinson dismisses fears about market impact as a "false narrative," advocating for gradual OTC or algorithmic (TWAP) execution to minimize disruptions. With Cardano's stablecoin TVL at only 10% compared to over 100% for Solana, he argues that this move is critically important for survival.

ADA fell 6% to 0.6412 dollars amid the conflict, testing support at 0.622 dollars before a partial recovery.