The ADA currency witnessed a sharp decline of ~6% after a split within the Cardano community over the proposal to use 100–140 million ADA from the treasury to support the liquidity of stablecoins within the system 🌐.

🔍 **Divergent Perspectives:**

Supporters, led by Charles Hoskinson, believe that this funding is essential to enhance DeFi and the treasury strategy without direct negative impact, using OTC transactions and tools like TWAP.

Opponents warn of potential selling pressure resulting from the public disclosure of the amount, which could lead to an unwarranted drop in price, and prefer issuing cryptographically collateralized stablecoins without unloading ADA.

📉 Technically: The price dropped from ~$0.688 to ~$0.625, then rebounded almost to ~$0.641 with support channels appearing at ~$0.622–0.636, while the resistance level near $0.645 remains a barrier to full recovery.