#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. However, this mechanism has structural contradictions. Currently, the total market value of stablecoins on the Cardano chain is only $30 million (compared to $83.2 billion for Ethereum during the same period), and the ecosystem's ability to generate revenue is insufficient, resulting in the treasury fund utilization rate being consistently below 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 had already been allocated to the "Ecosystem Development Fund," but 63% of the receiving wallets for these funds transferred the tokens to exchange cold wallets within three months. This phenomenon validates market concerns—some project parties may obtain treasury funds through overstating development progress.

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

Investment advice:

Short-term (within 1 month) avoid holding ADA spot positions, wait for the foundation to announce stricter fund supervision plans.

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

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

Please note that all investments carry risks, and investors should make their own judgments and bear corresponding responsibilities. The current market sentiment index shows extreme fear; it is recommended to control single-asset positions to no more than 5% of total assets. $ADA