$ADA

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