Cardano Price Prediction: Hoskinson Warns IOG Lab Shuts Down if 32.9M ADA Vote Fails on June 8
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Cardano governance is under strain as 81% of active dRep stake opposes a 32.9M ADA research funding proposal with voting open until June 8, prompting Charles Hoskinson to warn IOG Lab could close and jeopardize post-quantum cryptography and zero-knowledge proof research. Market implications: ADA trades at $0.2512 on May 22, pressing trendline support near $0.2489 while rising volume and open interest point to new positioning, but the funding and security risk poses downside for adoption and protocol upgrades.
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- 81% of active dRep stake is opposing the 32.9M ADA research proposal, far below the 67% approval threshold, with voting open until June 8
- Hoskinson warned the IOG lab will be forced to close if the vote fails, putting post-quantum cryptography and zero-knowledge proof research at risk
- ADA is pressing trendline support near $0.2489 with volume and OI both rising, suggesting new positioning rather than exits at current levels
Cardano trades at $0.2512 on May 22, grinding along trendline support as Hoskinson publicly appeals to Japanese dReps to reverse a governance vote that currently has 81% of active stake opposing a research proposal he calls existential for Cardano’s identity.
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