#CardanoDebate In the last 24 hours, the price of ADA has decreased by approximately 6%, and the total market capitalization of cryptocurrencies has shrunk by 5%. The Cardano token is trading at around $0.6, approximately 60% below its all-time high recorded in September 2021. About 36.1 billion coins are in circulation.

Some users criticized Hoskinson's proposal to sell a significant volume of ADA due to potential pressure on the asset's quotes.

"We could convert 140 million ADA in a week or so without moving the market using OTC and TWAP orders. This is a false narrative," he responded to opponents.

In his opinion, the mere belief in 'Cardano DeFi as a bullish trend' will create buying demand that compensates for the large liquidation.