#CardanoDebate CardanoDebate ADA Drops 6% as Cardano Community Debates $100M Stablecoin Liquidity Proposal

Cardano’s ADA token declined 6.01% to $0.6412 as the market reacted to both macro volatility and a heated governance debate over a proposed $100 million treasury allocation aimed at strengthening the DeFi ecosystem.

On Wednesday, the TapTools team asked its followers on X what they think about the idea of deploying 140 million ADA (around $100 million) to provide liquidity for stablecoins like USDM and help power Cardano’s growing decentralized finance sector. (ADA) is currently trading at $0.6376, with a 0.44% increase in the last 24 hours. The market capitalization stands at $22.49 billion, and the 24-hour trading volume is around $18 million. Here's a breakdown of ADA's recent performance ¹:

- *Current Price:* $0.6376

- *24-hour High:* $0.6451

- *24-hour Low:* $0.6174

- *Market Cap:* $22.49 billion

- *24-hour Trading Volume:* $18 million