Cardano founder Charles Hoskinson has stepped ahead to handle swirling rumors that he dumped his ADA holdings, sparking issues about his potential function within the altcoin’s dramatic 80% worth crash. Amid hypothesis and social media chatter, Hoskinson firmly denies the claims, insisting he didn’t personally contribute to the decline by offloading his property.
Cardano Founder Denies Claims Of Promoting ADA
Regardless of the festive vacation season, Hoskinson was bombarded with accusations of contributing to ADA’s 80% worth crash over the previous 4 years. Initially, the Cardano founder took to X on December 25 to share an optimistic message for 2026, encouraging holders and group members to not lose hope.
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He emphasised that regardless of the challenges of the previous years, there may be a lot to sit up for in 2026. He prolonged vacation greetings and expressed appreciation for the Cardano group, together with members like @injective_pie, who has been vocal about ADA’s worth efficiency and its blockchain’s progress over time.
Whereas many responded positively to Hoskinson’s messages and vacation greetings, @injective_pie confronted him straight, accusing him of dumping ADA. The group member questioned the Cardano founder about promoting his ADA at $3 and never shopping for again at decrease ranges round $0.3, suggesting that such actions might undermine belief within the crypto challenge.
Hoskinson swiftly dismissed these allegations, insisting that he didn’t dump his ADA and that false narratives don’t change actuality. The member’s response highlighted the strain between the Cardano founder and a few skeptical segments of the group. It additionally underscored the continued dissatisfaction with the present worth of ADA.
Notably, frustration amongst ADA traders has been rising over time, because the cryptocurrency has did not regain its all-time highs. Since its 2021 peak, the Cardano worth has steadily declined, most not too long ago dropping towards $0.35 after crashing by over 3% this week. 12 months-to-date, the altcoin has fallen by greater than 50%, underscoring the extended challenges going through the community regardless of its sturdy group help.
Cardano’s underperformance stands in distinction to different main cryptocurrencies, similar to Bitcoin and Ethereum, which reached new ATHs this yr. Even with its surging day by day buying and selling quantity of greater than 96%, ADA has but to indicate any important upward momentum, declining much more because the broader market navigates ongoing bearish pressures.
ADA Worth Weakens Additional As Open Curiosity Drops
Amidst sluggish worth motion, knowledge from Coinglass reveals that ADA Futures Open Curiosity (OI) has declined from $1.72 billion in October 2025 to $651 million as of December 26. This huge change represents a steep decline of greater than 62% in lower than three months.
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With key fundamentals deteriorating and market sentiment weakening, extra strain has been positioned on ADA’s worth. On-chain knowledge additionally reveals that Cardano’s Worry & Greed Index stands at 37, firmly positioned within the worry zone, as the value continues to development decrease.
Featured picture from Unsplash, chart from Tradingview.com