Cardano founder Charles Hoskinson has stepped forward to address swirling 
rumors that he dumped his ADA holdings, sparking concerns about his potential 
role in the altcoin’s dramatic 80% price crash. Amid speculation and social 
media chatter, Hoskinson firmly denies the claims, insisting he did not 
personally contribute to the decline by offloading his assets. Cardano Founder 
Denies Claims Of Selling ADA Despite the festive holiday season, Hoskinson was 
bombarded with accusations of contributing to ADA’s 80% price crash over the 
past four years. Initially, the Cardano founder took to X on December 25 to 
share an optimistic message for 2026, encouraging holders and community 
members not to lose hope. Related Reading: What The New Mightnight Launch 
Means For The Cardano Network He emphasized that despite the challenges of the 
past years, there is much to look forward to in 2026. He extended holiday 
greetings and expressed appreciation for the Cardano community, including 
members like @injective_pie, who has been vocal about ADA’s price performance 
and its blockchain’s progress over the years. While many responded positively 
to Hoskinson’s messages and holiday greetings, @injective_pie confronted him 
directly, accusing him of dumping ADA. The community member questioned the 
Cardano founder about selling his ADA at $3 and not buying back at lower 
levels around $0.3, suggesting that such actions could undermine trust in the 
crypto project. Hoskinson swiftly dismissed these allegations, insisting that 
he did not dump his ADA and that false narratives do not change reality. The 
member’s response highlighted the tension between the Cardano founder and some 
skeptical segments of the community. It also underscored the ongoing 
dissatisfaction with the current price of ADA. Notably, frustration among ADA 
investors 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 recently dropping toward $0.35 after crashing by over 3% this 
week. Year-to-date, the altcoin has fallen by more than 50%, underscoring the 
prolonged challenges facing the network despite its strong community support. 
Cardano’s underperformance stands in contrast to other major cryptocurrencies, 
such as Bitcoin and Ethereum, which reached new ATHs this year. Even with its 
surging daily trading volume of more than 96%, ADA has yet to show any 
significant upward momentum, declining even more as the broader market 
navigates ongoing bearish pressures. ADA Price Weakens Further As Open 
Interest Drops Amidst sluggish price action, data from Coinglass shows that 
ADA Futures Open Interest (OI) has declined from $1.72 billion in October 2025 
to $651 million as of December 26. This massive change represents a steep 
decline of more than 62% in less than three months. Related Reading: Cardano 
Founder Reveals “Game Plan” For 2026, But Can ADA Price Still Recover? With 
key fundamentals deteriorating and market sentiment weakening, additional 
pressure has been placed on ADA’s price. On-chain data also shows that 
Cardano’s Fear &amp; Greed Index stands at 37, firmly placed in the fear zone, as 
the price continues to trend lower. Featured image from Unsplash, chart from 
Tradingview.com

Cardano Founder Addresses ADA Dump Rumors, Is He Behind The 80% Price Crash?

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