Cardano: Dave Casts 72.9M ADA YES Vote on PRIME
Cardano sees 72.9 million ADA YES vote on AlphaGrowth PRIME liquidity initiative as ADA trades at $0.19 with bearish MACD death cross.
SourceAnalysis
Cardano DRep @ItsDave_ADA voted YES with 72.9 million ADA on the AlphaGrowth treasury withdrawal for the PRIME liquidity and protocol readiness initiative after shifting from an initial NO stance following weeks of review.
Price action on the 4h chart shows ADA at $0.19 testing lower Bollinger support while EMA50 sits at the same level and MACD registers a death cross, pointing to near-term consolidation that could precede any liquidity-driven moves once the initiative deploys capital into the $90M TVL DeFi base.
Dave
@ItsDave_ADACardano ecosystem contributor operating the DAVE Stake Pool and serving as a DRep in network governance.