The more stubborn the founders are, the colder the chain often becomes. In recent days, Cardano has exemplified this perfectly.


On June 12, Charles Hoskinson disliked X's "toxicity" and wanted to move the community to a moderated Discord;
On June 15, during an AMA, old issues were brought up again—about the 1096 Bitcoin from the early Isle of Man Foundation, which were passively used between 2016 and 2017, and only nine years later did he explain where the money went.
While they talk about the stars and the sea, ADA for the first time in five years fell below 0.20, with TVL shrinking 36% in a month to just 186 million, and even TapTools, which had been around for four years, shut down.
Why is this worth a glance? Because it’s a specimen: when project teams start frequently talking about visions and simultaneously avoid the bleeding curve in front of them, the wallets of token holders usually know the answer earlier than the founders’ PPT.
Grand narratives are free, responding to old news, and rehashing "we’re playing a different game," with almost zero cost.
The ones paying are those still holding tokens, waiting for the vision to come true.
I checked an old wallet I hadn’t touched in a long time, and it also held a few of those once-pledged altcoins.
So I won’t gloat over this, I understand too well how stubbornness works—my wallet has also been tough for me. 😭
ADA-2.66%
BTC-1.63%
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