$ADA

ADA currency fell by 6% as the Cardano community discusses a $100 million liquidity proposal for the stablecoin

Cardano's ADA fell by more than 6% as Charles Hoskinson defended the proposal to release 140 million ADA from the treasury to bolster the stablecoin's liquidity

ADA fell by 6.01% to $0.6412 after being rejected above $0.68 and testing its lowest levels near $0.625, according to CoinDesk Research's technical analysis model.

The Cardano community was divided over allocating $100 million to support the stablecoin's liquidity.

IOG CEO Charles Hoskinson stated that the sale could be executed gradually using over-the-counter trades and algorithmic execution tools, reducing market impact.

A prominent influencer in Cardano expressed concern about front-running and selling pressure on ADAV.

Trading volume increased to nearly $0.622 before