#CardanoDebate Cardano and the $100M ADA Drama - Who's Keeping Score? 🔥
ADA dropped by 6% in one day, and the community is at war over $100M from the treasury. Hoskinson wants to turn 140M ADA into liquidity for stablecoins (USDM), promising OTC sales "like in the movies". Critics shout: "Sell now and the price drops to $0.50!" 🎭 Irony? The debate is more volatile than the market.
3 dilemmas with dark humor:
1. The treasury is burning $1.1B in ADA (but it has dropped by 19% in USD). When does this "fire" become controlled burning? 💸
2. Stablecoins are up by 30%, while DeFi TVL is collapsing. Does the world prefer to hold USDM than to bet on DEXs? 📉
3. 1,220 DReps vote on the constitution, but an influencer (@cardano_whale) makes bigger waves than a tsunami on Twitter. Why "decentralization" if a whale capsizes the boat? 🐳⚖️
Prophecies of the month (with sarcasm):
- Bullish: $0.79 by July, if the community doesn't self-destruct.
- Bearish: ▼ $0.30 if the proposal of 140M ADA becomes a liquidity fiasco.
- Absurd: SEC approves "constitutional ETF" where you vote with ADA, but lose 30% until settlement.
Questions for holders with nerves of steel:
- When does "on-chain governance" become synonymous with "war over public funds"? 🧨
- If Franklin Templeton runs nodes, do they buy ADA or wait for a "community discount"? 🏦
- Buy now or wait to be "dumped" by whales in a downward spiral?