Charles Hoskinson refutes rumors of selling a billion ADA tokens.
ADA has seen a significant drop against Bitcoin in 2024, down by -60.61% YTD.
Meanwhile, ADA’s long-term performance remains positive, with a 14.02% increase over five years.
Cardano founder Charles Hoskinson shot down rumors that he sold 1 billion ADA tokens during the last crypto bull market. The speculation started with an X user, Brodie, who claimed Hoskinson cashed out when ADA was at its peak price of $3.60.
Hoskinson dismissed the rumors, saying, “It didn’t happen. People just lie. It’s how the internet works now.”
It didn't happen. But just lie to people. It's how the internet works now.
— Charles Hoskinson (@IOHK_Charles) October 13, 2024
The rumor started after Cardano supporter Jason Appleton jokingly asked Hoskinson if a helicopter in a Fox News clip belonged to him. Appleton’s comment hinted at the costs associated with Hoskinson’s charitable efforts, referencing his involvement with World Mobile and assistance in the aftermath of Hurricane damage in North Carolina.
“Costs a lot to be this generous,” Appleton said. Commentators like Brodie suggested that Hoskinson…
The post Hoskinson: “I Didn’t Sell My ADA” – Cardano Price Struggles Continue appeared first on Coin Edition.
