Cardano (CRYPTO: ADA) founder Charles Hoskinson revealed his personal crypto holdings have depreciated by over $3 billion but refuses to sell, but he refuses to sell—telling viewers during a livestream from Tokyo that he doesn’t care if he loses it all.
The $3B Loss And Why He Won’t Sell
Hoskinson addressed critics who say wealthy founders can easily hold through downturns.
He revealed losing over $3 billion in unrealized losses and admitted cashing out would have been easy, but dismissed the idea entirely.
His reasoning: “Do you think I honestly care if I lose it all? Do you think I’m doing this for money? You’re pretty mistaken if you do.”
Crypto represents the only viable path forward for a globalizing world, he argued.
Additionally, he claimed no empire is strong enough to conquer the world—not even China—making cryptocurrency the only mechanism to run a unified global market.
The System Critique
Hoskinson positioned the crypto downturn as part of humanity’s transition away from a corrupt legacy financial system.
He challenged holders considering exits by asking what they would return to—a rigged system that erodes wealth 5%-10% annually through inflation while AI threatens to eliminate jobs.
The choice is stark, according to him: either endure red days walking toward a decentralized alternative, or return to a system controlled by corrupt forces.
Recent financial scandals demonstrate the existing system is irredeemably broken and cannot be reformed from within, Hoskinson argued, adding blockchain infrastructure has matured to genuine readiness despite the market carnage.
Current systems process billions of transactions monthly and offer superior digital identity and self-sovereignty solutions compared to anything traditional finance has built with decades and trillions of dollars at their disposal, according to him.
ADA Technical Reality
Cardano is up 6 today%, but remains severely compromised technically.
All EMAs sit above price: 20 EMA at $0.3191, 50 EMA at $0.3620, 100 EMA at $0.4310, and 200 EMA at $0.5278.
Moreover, the Supertrend at $0.3249 flashes bearish.
ADA broke below critical $0.50 support and remains trapped in a descending channel.
If support around $0.25-$0.26 fails, ADA could accelerate toward $0.20.
Meanwhile, any bounce faces immediate resistance at $0.30, followed by $0.3191.
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