#CardanoDebate

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ADA falls 6% as the Cardano community debates $100 million liquidity proposal in stablecoins.

Cardano's ADA token dropped over 6% while Charles Hoskinson defended a proposal to deploy 140 million ADA from the treasury to boost stablecoin liquidity.

BY SIAMAK MASNAVI, CD ANALYTICS | EDITED BY AOYON ASHRAF

Updated June 13, 2025, 8:18 p.m. Published June 13, 2025, 7:05 p.m. Translated by AI

ADA price dropped from near $0.688 to $0.625 before rebounding to the $0.64 area

ADA declined 6% on June 13 after the Cardano community clashed over a proposed $100M treasury deployment to boost stablecoin liquidity.

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What you need to know:

ADA fell 6.01% to $0.6412 after rejecting levels above $0.68 and testing lows near $0.625, according to CoinDesk Research's technical analysis model.

The Cardano community is divided regarding the proposed allocation of $100M to support stablecoin liquidity.

IOG CEO Charles Hoskinson argued that the sale could be carried out gradually using over-the-counter operations and algorithmic execution tools, minimizing market impact.

A popular Cardano influencer expressed concerns about front-running and selling pressure on ADA.

Volume increased near $0.622 before the price rebounded to $0.64 but faced resistance.