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šŸ“° Recent Cardano News & Price Drivers

Cardano's co-founder Charles Hoskinson suggested converting around $100M worth of ADA from the treasury into Bitcoin and stablecoins to bolster the DeFi and stablecoin ecosystem . This sparked a 6% price drop on June 13 due to market debate and whale movements .

2. ā€˜Originate’ launch offsets whale pressure

Despite whales offloading approximately 270M ADA (~$170M) recently, the Cardano Foundation unveiled ā€œOriginateā€, a blockchain product for verifying supply-chain authenticity. This regained some confidence, keeping ADA steady around $0.62–$0.64 .

3. New staking rewards: $NIGHT token

Cardano plans to introduce a secondary staking incentive called $NIGHT, giving stakers extra rewards beyond ADA. Aimed at increasing engagement, it may boost staking rates (already at ~70%) .

4. Technical outlook: mixed signals

Analysts see a potential continuation breakout, targeting $1.50–$1.80, supported by technical indicators .

Still, short-term sentiment remains cautious, with resistance near $0.65–$0.70, and bearish formations below key levels.

šŸ’” What This Means for Investors

FactorShort-Term ImpactLong-Term ConsiderationsTreasury swap proposalMarket uncertainty & volatilityCould deepen DeFi/stablecoin foundationWhale sell-offsPrice pressureCould signal shakeout before new catalystsOriginate productSupports real-world usageEnhances enterprise adoption$NIGHT staking rewardsBoosts engagementMay increase network security & loyaltyTechnical breakout setupRally potential above $1Depends on broader alt-season

āœ… Bottom Line

Cardano is experiencing short-term volatility due to whale movements and the treasury proposal. However, significant developments—Originate and $NIGHT staking incentives—are building long-term on-chain and enterprise value.

If you're bullish on Cardano’s real-world ecosystem and DeFi growth, these recent moves could align well with that view. But the fluctuations around $0.62–$0.65 suggest caution if you’re entering mid-June.