- Cardano (ADA) plunged 20.53%, hitting a 90-day low, amid a broader crypto selloff, with over $36 million in liquidations and a 428.86% spike in transaction volume.
- Despite the market turmoil, Cardano’s prospects hinge on network upgrades and Bitcoin’s stability, with potential for a market turnaround.
- Charles Hoskinson and Casey Muratori warn against the risks of “vibe coding,” a new AI-driven coding method, citing concerns over software quality and debugging challenges.
Cardano (ADA) led the digital asset market’s worst single-day collapse of the year. The coin plunged 20.53% in 24 hours, changing hands at $0.7012. Earlier in the day, it hit a 90-day low of $0.5648. The broader crypto space reeled from a tariff war-driven selloff, wiping billions off the market.
Surprisingly, Cardano’s transaction volume surged. Data from CoinMarketCap shows a 428.86% jump to $3.77 billion. This massive spike signals heavy trader activity, likely panic-driven exits and repositioning. Meanwhile, liquidations mounted, erasing over $36 million in ADA trades, with long traders taking the hardest hit, losing $31 million.
ADA’s fate now hinges on new catalysts. The recent Plomin hard fork could spur accumulation, while whale activity remains a wildcard. Bitcoin’s recent stabilization might offer a roadmap for Cardano’s next move. If BTC steadies, ADA could find a lifeline.
Cardano’s worst day of 2024 shook investors. Yet, rising volume, potential network upgrades, and BTC correlation could signal a turnaround. The market isn’t out of the woods, but ADA’s next moves could surprise.
Cardano Founder Sounds Alarm on AI-Powered “Vibe Coding
The rapid advancements in artificial intelligence have led to sweeping changes across industries. One of the latest shifts in software development is the concept of “vibe coding,” a term coined by OpenAI co-founder Andrej Karpathy. The method involves allowing large language models (LLMs) to handle almost all coding tasks, from writing to debugging, while human programmers play a minimal role.
Karpathy, in a February 3 post on X, stated, “There’s a new kind of coding I call ‘vibe coding,’ where you fully give in to the vibes, embrace exponentials, and forget that the code even exists.” He elaborated that he barely touches the keyboard, relying on AI-powered dictation apps like SuperWhisper to instruct the model. Furthermore, Karpathy admitted to accepting all AI-generated changes without review, claiming the approach has worked well for him—especially for short-term, “throwaway” projects.
Cardano founder Charles Hoskinson was quick to respond to Karpathy’s post, hinting at potential dangers. He posted a GIF from Raiders of the Lost Ark featuring a melting face, a not-so-subtle metaphor for the destruction he believes this approach could bring.
Prominent programmer Casey Muratori echoed Hoskinson’s sentiment, arguing that unchecked AI-generated code would likely worsen software quality. The core concern is that AI operates without true reasoning or understanding, making decisions based purely on statistical probabilities rather than logic. This lack of insight into AI’s decision-making can make debugging and maintenance incredibly difficult.
Charles Hoskinson’s reaction serves as a stark warning, ignoring the risks of AI-powered coding could be a misstep with long-term consequences.