Cardano founder Charles Hoskinson has directly addressed rising investor frustration over ADA’s prolonged price slump in a blunt message. In a Thursday livestream on X, he framed the ongoing drawdown as part of a longer and more difficult transition rather than a failure of the project. To underscore his point, Hoskinson cited his own personal losses, stressing that he has also been impacted by the persistent market downturn.
Hoskinson Reveals $3 Billion Personal Losses
Addressing criticism about his protection from downturns due to personal wealth, Hoskinson said he has personally absorbed massive losses over the course of crypto market cycles. The Cardano founder stated that he has lost more than $3 billion during previous downturns, adding that it would have been easy to exit early and walk away.
Instead, Hoskinson positioned his continued involvement as a deliberate choice rooted in long-term conviction rather than financial insulation. His remarks come as ADA remains under pressure amid broader market weakness, compounding frustration among holders who have endured months of declining prices.
Hoskinson further argued that sustained volatility should not come as a surprise to investors backing a system designed to challenge entrenched financial structures. According to him, Cardano and similar blockchain networks are attempting to build alternatives without centuries of institutional momentum or legacy frameworks to rely on.
“These red days are inevitable,” Hoskinson said, questioning expectations that transformative financial technology would develop without extended periods of stress. He emphasized that rebuilding financial infrastructure at a global scale is inherently difficult and requires endurance through prolonged setbacks.
Cardano Price Weakness Tests Community Patience
ADA’s prolonged decline has strained even long-term supporters, as the token continues to lag behind broader market recoveries and fails to reclaim key technical levels. It currently trades at $0.2643, marking a 21% year-to-date drop and a steep 92% fall from its all-time high of $3.10. The sustained weakness has fueled debate within the Cardano community about whether long-term development can offset near-term losses.
Hoskinson’s remarks did not attempt to defend price action or offer recovery timelines. Instead, they reframed the downturn as part of a structural transition that requires persistence rather than reactionary decision-making. They also serve as a reminder that Cardano’s roadmap is measured in years, not cycles. The message was less about price recovery and more about conviction during adversity.
Temitope Olajide
The CoinRemark Team
