#CardanoDebate The ADA currency has sharply declined by about 6% following a division within the Cardano community over a proposal to withdraw 100 to 140 million ADA from the treasury to support the liquidity of stablecoins within the system.

This decline has led to a debate between two teams: the supporters and the opponents.

The supporters, led by Charles Hoskinson, believe that this step is necessary to enhance DeFi and expand the use of the treasury, with well-thought-out plans to mitigate the impact through OTC deals and tools like TWAP.

The opponents fear potential selling pressure due to the public announcement of the amount, which may cause excessive drops, and they prefer to focus on launching stablecoins backed by crypto collateral instead of dumping ADA.

From a technical perspective, the price has dropped from ~$0.688 to ~$0.625 before rebounding to ~$0.641. Currently, there are support channels at ~$0.622–0.636, while the resistance level at ~$0.645 stands as an obstacle to a full price recovery.