Is ADA going to be discontinued? Cardano faces a challenge of a $500 million ADA sell-off.

The Cardano blockchain project is facing a significant decision: a plan to sell ADA tokens worth $500 million. This news has attracted widespread attention in the market and may exacerbate the volatility of ADA prices. Community members generally believe that transparent budget formulation is crucial for stabilizing Cardano's future price.

As discussions about the 2025 budget proposal intensify, the volatility of Cardano's price may further increase. The budget proposal calls for funding support of up to 500 million ADA, which has left investors and developers in the cryptocurrency market feeling uneasy. Critics are concerned that even if the sale is conducted gradually, such a scale of funding allocation could negatively impact Cardano's value.

To address this challenge, community members are calling for a balanced budget to ensure fiscal discipline. Some suggest that a portion of the financial resources (such as 50%) should be allocated to Cardano governance facilitator Intersect, while the remaining funds should be reserved for future use and other projects. Intersect plays an important role in the Cardano ecosystem, responsible for budget management and project execution. However, to maintain the balance of the ecosystem, some suggest preventing overspending by limiting the powers of Intersect.

Additionally, as the market adjusts, ADA's price has experienced significant fluctuations in the past day. The volatility in altcoin trading reflects the recent ups and downs in the cryptocurrency market. Although ADA's price currently hovers around $0.3285, traders are closely monitoring whether this asset will experience a bullish reversal or continue to decline.

The presence of key resistance and support zones has a significant impact on ADA's short-term trend. If buyers cannot break through the substantial resistance between $0.43 and $0.50, Cardano's price may face further downside risk. However, if ADA can rebound strongly from current levels, it may push its price towards the next major resistance level of $0.70.

In summary, Cardano's plan to sell ADA tokens worth $500 million has attracted widespread attention in the market. Transparent budget formulation and strategic spending decisions are crucial for stabilizing Cardano's price. Community members are closely watching this process and calling for a balanced, transparent budget to address future challenges. #ADA