Hoskinson Denies ADA Dump Rumors Amid 88% Cardano Drop
Charles Hoskinson denies selling ADA amidst rumors, as Cardano sees an 88% drop over four years.
ADA is currently trading near $0.35, marking a significant 88% decline over the past four years. Recent rumors suggested that Cardano founder Charles Hoskinson sold his ADA holdings at the peak, contributing to the price drop. However, Hoskinson has firmly denied these allegations, stating that repetition of rumors does not constitute proof.
The Announcement/Development
Charles Hoskinson used his X (formerly Twitter) account to address the community directly. He emphasized that he has not sold his ADA holdings and reiterated his commitment to Cardano's long-term success. The statement was made on December 24, 2025, and was aimed at quelling the speculation and maintaining trust within the Cardano ecosystem.
Why This Matters
The rumors of Hoskinson selling his ADA holdings could significantly impact investor confidence in Cardano. With the project's market cap hovering around $12 billion, any perceived founder sell-off could lead to further price volatility. Hoskinson's denial is crucial in maintaining stability and fostering a positive outlook for Cardano's future development.
Market Response and Outlook
Following Hoskinson's statement, ADA experienced a slight recovery, rising by 2% to $0.36 within 24 hours. The Cardano community has largely expressed relief and support for Hoskinson's clarification. Upcoming milestones for Cardano include the implementation of the Basho phase, aimed at enhancing scalability and performance. The integration of these improvements could further solidify Cardano's position in the broader blockchain ecosystem.
For more on cryptocurrency market trends, visit Crypto News. For detailed analysis on Cardano's development, check Protocol News. For real-time ADA price data, see CoinGecko.
Priya specializes in blockchain infrastructure, focusing on scalability solutions, node operations, and cross-chain bridges. With a PhD in distributed systems, she has contributed to libp2p and provides technical analysis of emerging L1s and infrastructure protocols.
