Charles Hoskinson has addressed allegations that he sold ADA holdings near the token’s all-time high. The Cardano founder took to X on Christmas Day to refute claims that he dumped tokens when prices reached $3 and avoided repurchasing after the decline to current levels.
Hoskinson posted a holiday message on X reflecting on the challenges of 2025, describing it as a “long year.” He encouraged investors not to let the “fire” go out during the holiday season and stressed that better days lie ahead for the cryptocurrency community.
Hoskinson denies ADA dump allegations
The holiday message quickly shifted direction when an X user accused Hoskinson of dumping ADA holdings at $3 and refusing to repurchase now that the token has fallen to approximately $0.3. The accuser suggested Hoskinson sold at peak prices and avoided reentering the market after the decline.
Hoskinson refuted this claim almost immediately. He stated he never dumped ADA when the price was around $3 and emphasized that repeating the allegation would not make it true. He dismissed those spreading the narrative as bots pushing misinformation across social media platforms.
Rumors that Hoskinson sold his ADA holdings have resurfaced periodically within the Cardano community, particularly during extended periods of price weakness. In the past, he largely ignored such accusations. Some critics interpreted his silence as tacit confirmation of the allegations.
However, as accusations continued circulating through community channels, Hoskinson chose to address them directly. He stated unequivocally that he never sold off his ADA holdings during the price peak or at any point since.
Price performance shows steep decline from 2021 peak
ADA token has declined 55% over the past three months and 58.1% year to date. December alone has brought a 15.6% loss in value for Cardano holders.
At current price levels, ADA sits 88.6% below its all-time high of $3.10 set in 2021. This steep drawdown is not unique to Cardano, as other major cryptocurrencies have suffered similar declines since their 2021 peaks. Dogecoin has fallen 83% from its all-time high during the same period.
