 
 
Cardano creator Charles Hoskinson has refuted claims that he dumped his ADA holdings as the token set its current all-time high of over $3 more than four years ago.
Hoskinson Denies Dumping ADA At The Top
Like many crypto executives, Charles Hoskinson took to X to wish his Cardano fans a Merry Christmas. In his post, Hoskinson reflected on the challenges of 2025, describing it as “a long, hard year.”
He urged investors not to let the “fire go out” during the holiday season, stressing that 2026 has a lot to look forward to. However, what started as a warm holiday wish swiftly took a different turn. One commentator accused the IOG CEO of dumping his ADA stockpile when the price hit $3. The X used claimed that Hoskinson doesn’t see it as a bargain and has refused to purchase the token back after it retreated to a mere $0.3.
According to data from CoinGecko, ADA is up 0.6 percent in the last 24 hours. On a weekly basis, Cardano’s price is down 5.4 percent, and, for the month, it’s down 16.8 percent.
Perhaps most notable, however, is that the cryptocurrency has lost more than 88 percent of the gains it achieved in September 2021, when it reached a high of $3.09.
 
Hoskinson rebutted this claim right away, asserting unequivocally that he never dumped ADA when the price was hovering above $3. He added that repeating allegations that he liquidated his ADA tokens at the top would not make them accurate, dismissing those spreading the narrative as bots circulating misinformation.
Notably, Cardano’s price may be down, but several upcoming developments keep ADA fans’ hopes alive.
Cardano is prepping to launch multiple upgrades in 2026, including the rollout of the network’s Leios upgrade, enhancements to the network’s decentralized finance functionalities, and the full mainnet launch of Midnight, a privacy-focused sidechain in the ADA ecosystem.