Cardano Founder Sparks Panic with “I’m Done” Tweet, ADA Tumbles 14%

Charles Hoskinson, the founder of the Cardano blockchain and its native cryptocurrency ADA, caused widespread turmoil in the crypto space with just two words: “I’m done.” The brief and cryptic message, posted on his official Twitter account, triggered an instant wave of panic, leading to a rapid 14% drop in ADA's price within an hour.

Panic Hits the Community

Hoskinson’s tweet, posted without explanation, set off alarms across the Cardano community and broader crypto market. The ambiguity left followers scrambling for answers, speculating whether he was stepping away from Cardano, quitting the project, or signaling an internal crisis. Within minutes, major exchanges saw increased sell orders, and ADA's value plummeted.

Clarification Arrives, But Too Late for Many

Hours later, Hoskinson clarified that his statement was not about Cardano’s future, but rather his frustration with “toxic critics” who had been targeting him and the project. He explained that he was “done” with the negativity, not the blockchain initiative he founded. Despite the clarification, the market had already taken a hit, and many investors had exited their positions in fear.

Backlash from the Cardano Community

The damage was done. Many in the Cardano community lashed out at Hoskinson, accusing him of being irresponsible. Critics argued that someone in his position should be more careful with their words, given the enormous influence he holds over ADA’s valuation and public confidence.

Social media platforms were flooded with frustrated users questioning his motives. Some long-time Cardano supporters expressed disappointment, while others warned that such missteps could erode trust in the project’s leadership.

A Strategic Move?

While many blamed poor communication, some believe the incident may have been intentional. According to this theory, the tweet was part of a calculated effort to shake out “weak hands” short-term investors who panic-sell during volatility. By creating uncertainty,