Charles Hoskinson Clashes With Angry ADA Holders Over Promises of Price Gains
Cardano founder Charles Hoskinson has clashed with angry ADA holders during a livestream, stating he never promised the cryptocurrency would rise in value.
His comments come as ADA trades near multi-year lows, far below highs from previous cycles. The cryptocurrency is currently valued at approximately $0.1635, down 26.6% over the past month and roughly 94.7% below its all-time high of $3.09 reached in September 2021.
Roadmap Complete
Hoskinson stated that Cardano's five-era development plan, which guided the network from launch to full decentralized governance, is now complete. The final step came in January 2025 with the Plomin hard fork, which gave ADA holders direct voting power over the network's future.
He highlighted that everything he promised to build now exists, and the network no longer depends on him, pointing to Cardano's millions of users and its self-governance structure.
Investor Frustration
During the livestream, one viewer accused Hoskinson of promising Cardano would overtake Bitcoin, to which the founder responded that he would love for that to happen but never made such a promise about price gains.
Hoskinson acknowledged an old quote where he said he thinks Cardano will probably become the largest cryptocurrency, but stressed the word 'think' and argued that no endpoint would satisfy investors who want him to pump the price. As a result, many ADA holders remain deeply underwater.
Related
