#CardanoDebate Today, the ADA token has dropped by over 6%, which is related to intense debates within the Cardano community regarding the proposal to allocate 140 million ADA (~$100 million) from the treasury to support the liquidity of stablecoins. This move is intended by Charles Hoskinson to push the development of the DeFi ecosystem; however, it has been received differently.
Hoskinson insists that the sale of ADA should be organized gradually — through OTC deals or algorithmic order execution (TWAP) — to reduce price pressure. In contrast, critics, including the popular accumulating address "cardano_whale," believe that the public announcement could lead to front-running and selling at lower prices — for example, from $0.70 to $0.50.
This discussion is part of a broader topic: the community also criticizes the scale of fundraising ($225–275 million ADA), fearing inflation and excessive centralization of the budget.
Additionally, tensions are rising regarding transparency and inclusivity — Charles proposes to hold an offline summit for dReps, which has raised concerns about the risk of elitism. $ADA