Cardano Founder Addresses ADA Plunge Amidst Community Speculation
Cardano founder Charles Hoskinson has stepped forward to vehemently deny swirling rumors accusing him of personally offloading significant ADA holdings, a move some within the crypto community have linked to the altcoin's dramatic 80% price crash. As speculation mounted across social media platforms, Hoskinson firmly dismissed the claims, emphasizing he did not contribute to the decline by selling off his assets.
Hoskinson Firmly Rejects ADA Dump Allegations
Despite the festive holiday season, Hoskinson found himself bombarded with accusations that his actions contributed to ADA's substantial price depreciation over the past four years. Taking to X on December 25, the Cardano founder initially shared an optimistic message for 2026, urging holders and community members to maintain hope. However, this was met with a direct confrontation from a community member, @injecive_pie, who openly questioned if Hoskinson had dumped his ADA when prices were around $3 and failed to repurchase at lower levels near $0.3. The accuser suggested such behavior could erode trust within the project. Hoskinson swiftly refuted these allegations, asserting that false narratives do not alter reality and that he never "dumped" his ADA. This public exchange underscored a growing tension and dissatisfaction among certain segments of the Cardano community regarding the cryptocurrency's sustained underperformance.
ADA’s Continued Price Decline and Dwindling Investor Confidence
The frustration among ADA investors has been palpable, as Cardano has notably failed to reclaim its all-time highs since its 2021 peak. The cryptocurrency recently dropped towards $0.35 after a more than 3% crash this week, contributing to a year-to-date decline exceeding 50%. This prolonged challenge for the network contrasts sharply with other major cryptocurrencies like Bitcoin and Ethereum, which have seen new all-time highs this year. Further exacerbating concerns, data from Coinglass reveals a significant weakening in investor interest, with ADA Futures Open Interest plummeting from $1.72 billion in October 2025 to just $651 million by December 26 – a steep decline of over 62% in less than three months. This deteriorating market sentiment is also reflected in Cardano's Fear & Greed Index, which currently stands at a concerning 37, placing it firmly in the "fear" zone as the price continues its downward trajectory.
