According to The Defiant, NFT creator Masato Alexander released on-chain analysis, stating that Cardano co-founder Charles Hoskinson may have sold about 1.5 billion ADA during the 2021 ADA bull market, when ADA reached a historical high of $3.09. The analysis claims that large ADA flows can be traced back to staking pool funds associated with IOG, including a transfer of 925 million ADA and several transfers of 20 million ADA each.


The Cardano Foundation stated that it is not aware of the IOG transactions mentioned in the related X posts, but has no reason to suspect that other founding entities or Hoskinson himself acted out of malicious intent or unprofessional behavior.
CoinGecko data shows that ADA has fallen 42% over the past 30 days, down approximately 95% from its 2021 high.
ADA2.17%
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