Blockchain Study Revives Claims Hoskinson Sold 1.5 Billion ADA at 2021 Market Peak

In a report citing blockchain data, Masato Alexander, the NFT creator, alleges that wallets believed to be linked to Charles Hoskinson, the Cardano co-founder, may have disposed of up to 1.5 billion ADA during the 2021 surge, when the cryptocurrency reached an all-time high of roughly $3.09.

To support the claim, the analysis highlighted several major transactions, including a 925 million ADA transfer and multiple 20 million ADA movements. According to the report, the funds could be traced back to sources associated with IOG-related stake pools. However, the research did not provide conclusive evidence that the tokens were ultimately sold.

As the claims drew attention, the Cardano Foundation stated it had no direct knowledge of the transactions cited in the report. It added that it had no grounds to doubt the conduct or good faith of the other founding entities, including Hoskinson.

Source: The Defiant