Cardano Founder Denies Dumping ADA at $3 Amid 88% Price Decline

Cardano founder Charles Hoskinson has pushed back against claims that he sold his ADA holdings near the token’s all-time high.

Like many crypto executives, Hoskinson took to X to wish his followers a Merry Christmas. In his post, he reflected 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, stressing that better days lie ahead.

Hoskinson Refutes Claims of Dumping ADA

However, what began as a warm holiday message quickly took a different turn. Shortly after the post, an X user accused Hoskinson of dumping his ADA holdings when the price reached $3. The accuser also claimed Hoskinson is avoiding a repurchase now that the token has significantly declined to the $0.3 mark.

Hoskinson refuted this claim almost immediately, saying that he never dumped ADA when the price was around $3. He added that repeating claims that he sold ADA at the peak would not make them true, dismissing those spreading the narrative as bots spreading misinformation.

Because I didn’t dump. No matter how much you bots lie, it doesn’t make it true

— Charles Hoskinson (@IOHK_Charles) December 25, 2025

Notably, rumors that Hoskinson dumped his ADA holdings have resurfaced periodically within the Cardano community, especially during prolonged periods of price weakness. In the past, he largely ignored such claims, a stance that some critics viewed as tacit confirmation.

However, as the accusations continued to circulate, he chose to address them directly, stating unequivocally that he never sold off his ADA.

ADA Slumps Over 88% in Four Years

At the time of writing, ADA was trading around $0.3532. The token has declined 55% over the past three months and 58.1% year to date. In December alone, it has lost 15.6% of its value.

At current levels, ADA sits 88.6% below its all-time high of $3.10, set in 2021. Notably, this sharp drawdown is not unique to ADA, as other major cryptocurrencies have also suffered steep declines since their 2021 peaks. For example, Dogecoin is down 83% from its all-time high.

Despite the price weakness, Hoskinson maintains that better days lie ahead for Cardano. In the meantime, the project is preparing to roll out several major upgrades next year, including the launch of the Leios scaling solution, improvements to the network’s DeFi capabilities, and the full mainnet deployment of the privacy-focused sidechain, Midnight.