Cardano Founder Causes Panic with “I’m Done” Tweet

Charles Hoskinson, the founder of Cardano $ADA , caused a wave of panic after tweeting just two words: “I’m done.” Within an hour, $ADA price dropped sharply by 14%, as investors and supporters feared the worst.

Later, Hoskinson explained he was only referring to stepping away from “toxic critics,” not the Cardano project itself. However, the damage was already done. The Cardano community was upset, with many calling the tweet careless and irresponsible.

Some speculate it was a deliberate move to shake out weak holders. Although $ADA has recovered slightly since the dip, trust has been shaken. While Cardano's development continues, the surrounding controversy refuses to die down.