$ADA

The founder of Cardano, Charles Hoskinson, proposed using 140 million ADA (~100 million USD) from the treasury to boost DeFi development by purchasing BTC and native Cardano stablecoins (USDM, USDA, IUSD). ADA fell 6% after this announcement, as the community remains divided. Some view this as a bold move towards the maturity of the ecosystem, while others believe it carries risks in the context of the market and governance concerns.