Cardano Founder Addresses ADA Dump Rumors, Is He | Crypto News
Cardano founder Charles Hoskinson has stepped ahead to tackle swirling rumors that he dumped his ADA holdings, sparking issues about his potential function in the altcoin’s dramatic 80% price 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 Selling ADA
Despite the festive vacation season, Hoskinson was bombarded with accusations of contributing to ADA’s 80% price crash over the past 4 years. Initially, the Cardano founder took to X on December 25 to share an optimistic message for 2026, encouraging holders and group members not to lose hope.
He emphasised that despite the challenges of the past years, there’s a lot to look ahead to in 2026. He prolonged vacation greetings and expressed appreciation for the Cardano group, including members like @injective_pie, who has been vocal about ADA’s price efficiency and its blockchain’s progress over the years.
While many responded positively to Hoskinson’s messages and vacation greetings, @injective_pie confronted him instantly, accusing him of dumping ADA. The group member questioned the Cardano founder about promoting his ADA at $3 and not shopping for back at decrease ranges around $0.3, suggesting that such actions may undermine trust in the crypto project.
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 stress between the Cardano founder and some skeptical segments of the group. It also underscored the continued dissatisfaction with the current price of ADA.
Notably, frustration among ADA traders has been growing over the years, as the cryptocurrency has failed to regain its all-time highs. Since its 2021 peak, the Cardano price has steadily declined, most not too long ago dropping toward $0.35 after crashing by over 3% this week. Year-to-date, the altcoin has fallen by more than 50%, underscoring the extended challenges going through the community despite its strong group help.
Cardano’s underperformance stands in distinction to other major cryptocurrencies, such as Bitcoin and Ethereum, which reached new ATHs this yr. Even with its surging daily trading quantity of more than 96%, ADA has yet to show any vital upward momentum, declining even more as the broader market navigates ongoing bearish pressures.
ADA Price Weakens Further As Open Interest Drops
Amidst sluggish price motion, data from Coinglass exhibits that ADA Futures Open Interest (OI) has declined from $1.72 billion in October 2025 to $651 million as of December 26. This large change represents a steep decline of more than 62% in less than three months.
With key fundamentals deteriorating and market sentiment weakening, extra stress has been positioned on ADA’s price. On-chain data also exhibits that Cardano’s Fear & Greed Index stands at 37, firmly positioned in the concern zone, as the price continues to pattern decrease.
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