Charles Hoskinson has proposed a new governance plan for Cardano amid falling ADA prices, which have dropped 35% in a month to near $0.16. The plan includes moving governance discussions to a moderated Discord, creating a voting bloc to pressure funding applicants, and revising the Cardano constitution. Hoskinson argues that the current system, hit by funding request backlogs and DRep fatigue, needs restructuring. The market remains skeptical, with ADA trading near five-year lows and failing to break resistance at $0.23. Hoskinson insists he cares about the price, linking it to network utility, and warns Cardano faces a 'do or die' moment.

Key facts

• ADA price down 35% in a month, near $0.16 and five-year lows.
• Hoskinson proposes moderated Discord and voting bloc to enforce accountability.
• Over 600 million ADA in funding requests vs 350 million net change limit.
• Leios scaling upgrade testnet expected on June 23.
• Market remains unconvinced, ADA fails to break $0.23 resistance.

KeyAudit data perspective