Cardano Price Prediction: Hoskinson Warns IOG Lab Shuts Down if 32.9M ADA Vote Fails on June 8

• 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.

ADA Daily Chart: Trendline Holding for the Third Day Running

ADA has been pressing the rising trendline from the February low at $0.22…

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