Charles Hoskinson, the founder of Cardano ($ADA), a layer-1 network long known as one of the largest altcoins in the cryptocurrency world, has strongly refuted allegations that he sold his coin.
Responding to a follower’s claim that the famous founder dumped $ADA at $3 and refused to buy it back at $0.3, Hoskinson said, “I didn’t dump the coin. No matter how many lies you bots tell, that won’t change.”
Cardano ($ADA) reached its all-time high price of $3.10 four years ago.
However, Hoskinson has recently been working very hard on the development of Midnight ($NIGHT), a layer-2 network connected to the Cardano network that he recently launched. Hoskinson, who is also one of the co-founders of Ethereum, recently denied claims that he would leave $ADA to focus on $NIGHT.
However, it is generally accepted by most analysts that Cardano has not yet reached its desired level, especially in the DeFi sphere.
*This is not investment advice.