Charles Hoskinson, the founder of Cardano (ADA), has disclosed that he is currently facing more than $3 billion in unrealized losses as the cryptocurrency market continues to experience a sharp downturn. The statement offers a rare glimpse into the personal financial exposure of one of the industry’s most prominent founders during a period of heightened volatility.
Speaking from Tokyo during a recent live broadcast, Hoskinson addressed the ongoing turbulence in the crypto market, which has been driven by forced liquidations, declining liquidity, and broad-based risk-off sentiment. Over the past week, Bitcoin fell to around $60,000, representing a decline of approximately 16%, while Cardano’s native token ADA dropped by 15.6% over the same period.
Hoskinson explained that he chose to make his losses public in order to counter the common narrative that crypto founders are insulated from the financial pain faced by retail investors. According to him, his own exposure far exceeds that of most market participants.
“I’ve lost more money than anyone listening to this — over $3 billion. I could have taken profits and walked away,” Hoskinson stated during the livestream.
Despite the magnitude of the losses, Hoskinson emphasized that he remains largely unfazed by further downside risk. He reiterated that his long-standing refusal to compromise on principles is one of the key reasons he has managed to avoid many of the scandals that have plagued the crypto industry in recent years.
Long-Term Vision Over Short-Term Price Action
Hoskinson reaffirmed his commitment to long-term ecosystem development, stressing that short-term price fluctuations are not his primary focus. In his view, the current market downturn represents a natural phase within a broader market cycle, rather than a structural breakdown of the crypto industry.
He described the ongoing challenges as part of a difficult but necessary journey, noting that “every step forward on a hard road is still progress.” Hoskinson made it clear that he intends to remain deeply involved in the space and has no plans to exit his existing positions.
Rather than viewing the sell-off as a failure, he framed it as a transitional period in which the global financial system continues to adapt to emerging technologies such as blockchain and decentralized infrastructure.
Continued Focus on the Cardano Ecosystem
As an example of Cardano’s long-term ambitions, Hoskinson highlighted ongoing projects within the ecosystem, including Starstream and Midnight. These initiatives are designed to support applications that prioritize data integrity, compliance, and privacy, areas he believes will become increasingly important as blockchain technology matures and integrates with real-world use cases.
According to Hoskinson, building resilient infrastructure during bear markets is critical, even if market sentiment remains weak in the short term.
Disclaimer:
This article is for informational purposes only and reflects personal opinions and publicly available statements. It does not constitute financial or investment advice. Readers are advised to conduct their own research before making any investment decisions. The author is not responsible for any financial losses incurred.
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