According to a tweet from the company’s official Twitter account, Vodafone Germany, one of the world’s largest telecommunications companies, may have given a nod to Cardano Blockchain and its NFTs. Meanwhile, Robinhood and Celsius concern dominate the Cardano community.
Vodafone or Cardano? Encrypted tweet sparks speculation
A cryptic message came from Patrick Tobler, a developer at Cardano NFT project NMKR. This created quite a stir within the Cardano community. Tobler’s tweets point to Vodafone’s possibility to print NFTs using NMKR. But it leaves much of the interpretation to speculation.
https://twitter.com/Padierfind/status/1673655171639902210
Another confirmation that Vodafone has entered the NFT domain of Cardano came from Twitter user Mantax. The user claims to be an employee of Vodafone Germany. Mantax said, “Yes, I can confirm that. Because I work in Vodafone Germany. Also, I’m trying to push some innovations. Moreover, I am a legit Cardano Degen = Vodafone NFTs in Cardano,” he said.
Some users cited the unusual nature of the tweets. Therefore, he raised the possibility that his Vodafone account might have been hacked. Because the tweet about Cardano was published in English although all other tweets were published in German. Whatever the reality of Vodafone’s alleged endorsement of Cardano NFTs, it’s clear that the cryptocurrency community is watching closely. Events like these are likely to spark excitement and speculation as more traditional companies show interest in blockchain technology and digital assets.
ADA community Robinhood and Celsius concern
A wave of concern is spreading in the Cardano ecosystem over the possibility of a large-scale liquidation of the ADA token by Robinhood and Celsius. The reasons behind the decisions of these two platforms are different. However, the dream of a major sale triggered some alarm bells within the community. Opinions within the Cardano community are quite diverse. Some argue that such a large-scale divestiture would not be a unique event for ADA. That’s why he downplays negative assumptions as FUD manifestations.
I don't think it's FUD. I am actually personally a bit concerned because that is Ada currently frozen that will be released into the wild.
Not too concerned tho, just need to watch my CDPs don't get liquidated because they decide to dump in the middle of the night.
— Rick McCracken DIGI (@RichardMcCrackn) June 27, 2023
The cumulative holdings of both Robinhood and Celsius make up a small fraction of the total ADA trading volume. For this reason, some argue that holders are provided with ample opportunity to move their ADA holdings to alternative wallets. Supporters of this view say that the market has already absorbed the upcoming event. He also claims that the widespread pessimism surrounding it has a greater impact than actual sales.
However, there are those in the community who oppose this. They emphasize that Robinhood has announced a closing date of June 27, and after that date any remaining ADA will be emptied at market price. As you follow on Kriptokoin.com, Jump Crypto, tasked with managing Robinhood’s crypto assets, will be obliged to immediately dispose of any remaining ADA assets.
Celsius, on the other hand, has more flexibility. Because the expectations are that ADA will gradually dispose of its assets over a long period of time. The main question remaining is how Jump will proceed in this scenario. In addition, options ranging from off-market sales to transferring assets to central exchanges are also on the agenda.
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