Cardano Founder Says He Never Promised ADA Would Rise, as ADA is Down 95%
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Cardano founder Charles Hoskinson said he never promised ADA’s price would rise, noting the token is down roughly 95% from its 2021 peak. Hoskinson argued his mandate was to build and decentralize the Cardano network rather than pump the token, and that this work is complete. The remarks land as ADA holders await a recovery that has yet to materialize. The comments reframe expectations for ADA as a utility asset tied to network development rather than a founder-backed price bet. Watch whether the stance shifts holder sentiment and staking or on-chain activity on Cardano.
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Cardano (ADA), ADA (ADA), Charles Hoskinson
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