Cardano: Delegate Votes 66.94M ADA Yes on Maintenance
Cardano delegate casts 66.94 million ADA yes vote on IO maintenance treasury withdrawal while demanding future transparency and granular cost breakdowns.
SourceAnalysis
Cardano delegate @ItsDave_ADA just cast a 66.94 million ADA yes vote on the IO & Ensurable Systems treasury withdrawal proposal to fund ongoing maintenance by Input Output Global. The move backs nearly nine years of uninterrupted core operations and directly addresses the Cardano treasury withdrawal governance process that has shaped recent funding cycles.
Price action on the four-hour chart places ADA at $0.25 inside the Bollinger band with the lower support at $0.25 and upper resistance at $0.26. The MACD has printed a bullish golden cross while both the EMA50 and EMA200 sit at $0.26, creating a tight overhead confluence that traders now watch for the next directional break.
Dave
@ItsDave_ADACardano ecosystem contributor operating the DAVE Stake Pool and serving as a DRep in network governance.