As per Bijié Wǎng, Cardano founder Charles Hoskinson has denied claims that he sold his ADA tokens when the price was near $3. The allegations resurfaced after a X user accused him of abandoning the token as its price fell to $0.30 from a peak of $3.10. Hoskinson immediately refuted the claim, stating he never sold ADA at that price and accused the accusers of spreading false information. ADA has dropped over 88% from its 2021 high and is currently trading at around $0.3532.
Cardano Founder Denies Selling ADA Tokens Amid 88% Price Drop
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Summary
Cardano founder Charles Hoskinson has denied selling ADA tokens during the crypto price plunge. A X user recently claimed he sold at $3 as the token dropped to $0.30. Hoskinson called the claims false and emphasized he never sold at that level. ADA is now trading at $0.3532, down over 88% from its 2021 peak. Price analysis shows continued volatility in the market.
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