#CardanoDebate Proposal Treasury $100M Triggers ADA Volatility

ADA Cardano fell 6% to $0.6412 amid a heated community debate over a proposal to sell 140 million ADA (~$100 million) from the treasury to enhance stablecoin liquidity. Key points:

- Divided Opinions: Critics like @cardano_whale warn of the risk of selling pressure, advocating for crypto-based stablecoins (e.g., ObyUSD) instead. Founder Charles Hoskinson defended the gradual OTC/algo sales to minimize market impact.

- Market Reaction: ADA rejected $0.68, tested $0.625, then rebounded to $0.64 with resistance at $0.645. A spike in volume indicates accumulation but with weak follow-through.

- Bigger Picture: This debate tests Cardano's balance between **DeFi growth** (which requires stablecoins) and short-term price stability.

Meanwhile, some holders are shifting to projects like Remittix, citing a 25% YTD decline in Cardano and fatigue in governance.

$ADA