#卡尔达诺稳定币提案

The core logic of the stablecoin proposal put forward by the Cardano Foundation is to support the DeFi ecosystem by releasing the liquidity of ADA held by the treasury, but this mechanism has structural contradictions. Currently, the total market value of stablecoins on the Cardano chain is only $30 million (compared to $8.32 billion for Ethereum during the same period), and the ecosystem's self-sustainability is insufficient, resulting in a long-term treasury fund utilization rate of less than 7%.

It is worth noting that this proposal allows project parties to apply for ADA staking pool funds through governance proposals. According to on-chain data monitoring, by Q1 2025, ADA worth $47 million has already been allocated to the "Ecological Construction Fund", but 63% of the wallets receiving these funds transferred the tokens to exchange cold wallets within three months. This phenomenon validates market concerns—some project parties may be misreporting development progress to siphon treasury funds.

On the technical side, the ADA/BTC trading pair has broken below the critical support level of 0.000023, and the weekly MACD has formed a death cross. On-chain large transfer data shows that the net inflow to exchanges has increased by 58% month-on-month in the last 30 days, with 78% coming from foundation-related addresses. This continuous selling pressure may lead to a price test of the annual low of $0.38.

Investment advice:

In the short term (within 1 month), avoid holding ADA in spot positions and wait for the foundation to announce stricter fund supervision plans.

Monitor changes in on-chain TVL; if the stablecoin market value surpasses the $100 million threshold, consider left-side positioning.

Contract traders can establish short positions near $0.42, with stop-loss set above $0.45.

Please note that all investments carry risks, and investors should make their own judgments and bear the corresponding responsibility. The current market sentiment index shows extreme fear, and it is recommended to limit the position of any single coin to no more than 5% of total assets. $ADA