$ADA

Charles Hoskinson, the founder of Cardano, strongly responded, describing concerns about selling pressure as a "false narrative." He saw that the U.S. Treasury could gradually offload 140 million ADA from the market, either through market execution strategies like TWAP (Time Weighted Average Price) orders to avoid market disruption. He emphasized that the lack of stablecoin depth on Cardano hinders the ecosystem, and that this initiative would not only bridge this gap but also generate sustainable and non-inflationary revenue for the U.S. Treasury.

The Cardano community remains divided. While some see it as a bold move to provide Cardano with a stable foundation in decentralized finance, others view the plan as premature, especially given the current market weakness and ADA's inability to stay above $0.68. This debate has become a critical test of how Cardano balances long-term growth with short-term token economics.