   
Cardano founder Charles Hoskinson sent ADA enthusiasts into a tailspin with a Sunday post on the X platform.
Since reaching an all-time high of $3.09 in September 2021, ADA has experienced a significant decline of over 86%, entering a consolidation phase in recent weeks amid the absence of bullish catalysts.
Market sentiment was particularly fueled by a cryptic comment from Cardano’s Charles Hoskinson.
Hoskinson lights ADA fans
In his post, Hoskinson said Monday, that is today, “will be a good day.” Unsurprisingly, the post was enough to get the attention of ADA fans, with many wondering what would happen on Monday.
Despite no official announcement about an upcoming upgrade or partnership, some commentators suggested the possibility of a Solana integration. Others speculated whether the Cardano network would finally launch its stablecoin.
 Hoskinson’s post comes after the core development teams of the Cardano network received approval for a drawdown of 70 million ADA treasuries to fund a slew of long-delayed infrastructure integrations. This move marked the most coordinated ecosystem action the network has witnessed in years.
Funds will be allocated to create stablecoins, credible oracle feeds, cross-chain bridges, Custody integrations and analytics tools, among other improvements to benefit the Cardano ecosystem.
Last month, the Cardano network also fell victim to its first major chain split in eight years after a deliberately crafted transaction exploited a three-year-old bug in the node software, temporarily splitting the $15 billion blockchain into two competing chains.
ADA is up 4.2% over the past 24 hours, modestly outpacing the broader crypto market rise. according to CoinGecko data. The jump comes as the crypto markets showed a turnaround on Sunday. The total crypto market cap rose to $3.2 trillion, recovering after recently dipping below $3 trillion.
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