$ADA
Current Price: Around $0.62 – $0.63 USD
24‑Hour Change: Down ~2% in the past day and down ~6% over the past week
Market Cap: Approximately $22 billion, ranking ADA among the top 10–11 cryptos
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🌐 On-Chain & Technical Updates
Whale Activity: Large holders (100M–1B ADA) increased holdings by ~130M ADA since June; ultra-whales (+1B ADA) added ~180M ADA .
Technical Chart: ADA is forming a triangle pattern, hovering above $0.60 support; MACD signals mixed, suggesting potential breakout or drop .
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🔧 Community & Governance
Stablecoin Liquidity Proposal: A heated debate is underway over a plan to allocate ~$100 million (140 M ADA) from the treasury to boost stablecoin liquidity. ADA slipped ~6% when this surfaced, dropping from $0.68 to near $0.625 before recovering slightly .
Hoskinson’s Position: Charles Hoskinson supports the move, suggesting gradual OTC or algorithmic selling to minimize market impact; critics warn of front-running risks .
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🔍 Summary
ADA is currently in a consolidation phase around $0.62, with significant whale accumulation and critical technical patterns forming. The governance debate on stablecoin funding marks a pivotal moment for Cardano’s DeFi ecosystem. Breakout above $0.65–$0.68 could reignite bullish momentum, while a dip below $0.60 may signal weakness.
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⚠️ Considerations
Crypto markets remain volatile.
On-chain developments and treasury decisions could heavily influence short-term movement.
Keep an eye on resistance at ~$0.65–$0.68 and support around $0.60.
