Cardano (ADA) Founder Charles Hoskinson Responds to Claims of Selling Large Amounts of ADA

Charles Hoskinson, the founder of Cardano (ADA), a layer-1 network long known as one of the largest altcoins in the cryptocurrency world, has strongly refuted allegations that he sold his coin.

Responding to a follower’s claim that the famous founder dumped ADA at $3 and refused to buy it back at $0.3, Hoskinson said, “I didn’t dump the coin. No matter how many lies you bots tell, that won’t change.”

Cardano (ADA) reached its all-time high price of $3.10 four years ago.

However, Hoskinson has recently been working very hard on the development of Midnight (NIGHT), a layer-2 network connected to the Cardano network that he recently launched. Hoskinson, who is also one of the co-founders of Ethereum, recently denied claims that he would leave ADA to focus on NIGHT.

However, it is generally accepted by most analysts that Cardano has not yet reached its desired level, especially in the DeFi sphere.

*This is not investment advice.

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