$ADA

🔥 Cardano Community Divided Over $100M DeFi Treasury Proposal...

Cardano’s ADA token dropped **6%** to **$0.6412** as the community debates a **$100M treasury allocation** aimed at boosting stablecoin liquidity[](https://finance.yahoo.com/news/ada-drops-6-cardano-community-170504611.html "1").

🔍 Key Points:

- **Proposal:** Deploy **140M ADA** to support stablecoins like USDM.

- Concerns:

Critics fear **sell pressure** could push ADA down to **$0.50**.

- **Hoskinson’s View:** Cardano’s founder argues for **gradual conversion** to avoid market disruption.

- Market Impact:

ADA bounced from **$0.625** but faces resistance at **$0.645**.

🔥 Is this a bold step for Cardano DeFi or a risky move?

#CardanoDebate #ADA #CryptoGovernance #DeFi #BinanceSquare