#CardanoDebate Cardano's ADA token fell over 6% to around $0.6412 on June 13, 2025, following a debate within the community regarding a proposal to allocate $100 million from the treasury to enhance stablecoin liquidity. The price dropped from approximately $0.688, reaching lows near $0.625 before slightly recovering.
The community is divided on the proposal, with some expressing concerns about the potential sell pressure on the ADA token and its negative impact on the market.
Charles Hoskinson, CEO of IOG, defended the proposal, suggesting that the funds could be sold gradually using methods that would minimize market disruption. He believes that the lack of stablecoin liquidity is hindering Cardano's growth and that this initiative could provide non-inflationary revenue for the treasury. However, critics worry that the public knowledge of the planned sale could encourage traders to front-run the market, leading to further declines in ADA's price.
The debate reflects differing perspectives on balancing immediate market economics with long-term growth strategies in Cardano’s ecosystem. Additionally, technical analysis indicated that ADA experienced significant trading volume around $0.622 but faced resistance near $0.645.
What U think about ADA future?