On-chain data analysis suggests Charles Hoskinson may have sold 1.5 billion ADA during the 2021 rally, though no direct evidence confirms sales.
New on-chain analysis alleges Cardano co-founder Charles Hoskinson sold approximately 1.5 billion ADA during the 2021 bull market, when the token peaked at $3.09. The investigation traced large transactions, including a 925 million ADA transfer and multiple 20 million ADA payments, to sources linked with IOG-related stake pools.
The claims resurface amid ongoing scrutiny of token movements by blockchain founders. The Cardano Foundation stated it lacks insight into the referenced transactions but assumes professional conduct by founding entities. The analysis does not conclusively prove the tokens were sold.
ADA showed limited immediate price reaction to the allegations, trading near recent ranges as investors await further clarity.