💥【Is the ADA Storm Coming? Whales Cashing Out $170 Million, Hoskinson Shocks with Bitcoin Treasury Plan!】
In the past week, whales have heavily sold 270 million ADA, generating over $170 million in chips, with prices plummeting from $0.71 to $0.623, currently reported at $0.636, a drop of over 10%! Technical risks are escalating, lingering on the edge of a head and shoulders pattern; if it breaks down, it could plunge straight to the critical support of $0.50 ⚠️!
Even more explosive is: ADA founder Hoskinson has proposed a major plan 💣—to convert $100 million worth of ADA into BTC + stablecoins, claiming it will boost DeFi liquidity and enhance ecosystem competitiveness! Supporters are bullish on the ecosystem upgrade, but opposing voices are equally strong, fearing that this move will exacerbate the selling wave and trigger a secondary downturn.
Geopolitical tensions continue to escalate, with turmoil in the Middle East increasing market risk aversion. Can on-chain institutional demand absorb the selling pressure? 📉
👉 ADA is at a critical crossroads; the next wave of change may be approaching! Don't wait for a crash to regret it; smart money is already taking action! 🔥
