#CardanoDebate ADA fell by 6.01% to $0.6412 after rejecting above $0.68 and testing lows near $0.625, according to the technical analysis model from CoinDesk Research. The Cardano community is divided over the proposed distribution of $100 million to support the liquidity of stablecoins. IOG CEO Charles Hoskinson claims that the sale could be carried out gradually, using over-the-counter trades and algorithmic execution tools, minimizing the impact on the market. A popular Cardano influencer expressed concern about the pressure to front-run and sell ADAV. The volume surged to nearly $0.622 before the price recovered to $0.64 but faced resistance.

The ADA token of Cardano dropped by 6.01% to $0.6412 as the market reacted to both macro volatility and the heated debate over the governance of the proposed $100 million distribution from the treasury aimed at strengthening the DeFi ecosystem.

On Wednesday, the TapTools team asked their followers on X what they think about the idea of deploying 140 million ADA (about $100 million) to provide liquidity for stablecoins like USDM and to quote Cardano.