*💥 Cardano Community in Turmoil: $100M $ADA Proposal Sparks Heated Debate 💥*
The Cardano community is divided over a proposal to allocate 140 million ADA (~$100M) from the treasury to boost stablecoin liquidity for its DeFi ecosystem. 🤔
*🔥 Proponents:*
- Founder Charles Hoskinson argues it would address Cardano's stablecoin gap and generate sustainable revenue.
- Gradual OTC or algorithmic sales would minimize market impact.
*❄️ Critics:*
- Influencer @cardano_whale warns it could trigger significant sell pressure, dropping ADA's price from $0.70 to $0.50.
*📉 Current Situation:*
ADA is already down 6% to $0.6412 amid the controversy.
*💬 What's Your Take?*
Do you think the benefits outweigh the risks? Share your thoughts! ⬇️
