Cardano founder Charles Hoskinson has stepped forward to address swirling rumors that he has dumped his ADA holdings, raising concerns about his possible role in the altcoin’s dramatic 80% price crash. Amid speculation and chatter on social media, Hoskinson firmly denies the claims and insists he has not personally contributed to the decline by disposing of his assets.
Cardano founder denies claims about ADA sale
Despite the festive season, Hoskinson was bombarded with accusations that he contributed to the ADA’s 80% price crash over the past four years. Initially, Cardano’s founder went to X on December 25 part an optimistic message for 2026, encouraging holders and community members not to lose hope.
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He emphasized that despite the challenges of recent years, there is much to look forward to in 2026. He greeted the holidays and expressed his appreciation to the Cardano community, including members like @injective_pie, who spoke out about ADA price performance and the advancement of the blockchain over the years.
While many responded positively to Hoskinson’s messages and Christmas greetings, @injective_pie confronted him directly: accusatory him from dumping ADA. The community member questioned Cardano’s founder about selling his ADA at $3 and not buying back at a lower level around $0.3, suggesting such actions could undermine confidence in the crypto project.
Hoskinson has quickly dismissed these accusations, insisting that he has not ditched his ADA and that false stories do not change reality. The member’s response highlighted the tension between Cardano’s founder and some skeptical parts of the community. It also underscored continued dissatisfaction with ADA’s current price.
Remarkably, frustration among ADA investors has grown over the years as the cryptocurrency has failed to regain its all-time highs. Since its peak in 2021The Cardano price has been steadily declining, most recently falling to $0.35 after crashing more than 3% this week. Year-to-date, the altcoin is down more than 50%, underscoring the long-term challenges the network faces despite its strong community support.
Cardano’s underperformance is in stark contrast to other major cryptocurrencies, such as Bitcoin and Ethereum achieved new ATHs this year. Even with the increasing daily trading volume of over 96%, ADA has done that but no significant upward momentum is yet visiblefalling even further as the broader market faces continued bearish pressure.
ADA price weakens further as open interest falls
Amid sluggish price movements, facts from Coinglass shows this ADA Futures open interest (OI) has fallen from $1.72 billion in October 2025 to $651 million on December 26. This massive change represents a steep drop of more than 62% in less than three months.
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Now the key fundamentals are deteriorating and weakening of market sentimentadditional pressure has been exerted on the price of ADA. Also data about the chain shows that Cardano’s Fear & Greed Index is at 37, firmly placed in the fear zone, as the price continues to slide lower.
Featured image from Unsplash, chart from Tradingview.com