“I Lost $3 Billion but Didn’t Quit”: ADA Founder on Crypto Crash

• Charles Hoskinson says he personally lost over $3 billion during multiple crypto cycles.
• Despite losses, he chose not to sell holdings or exit the industry.
• The founder emphasized integrity, saying strong principles helped him avoid major scandals.

The cryptocurrency market is facing another sharp correction, wiping out tens of billions of dollars in value. Bitcoin has dropped around 10–20% in recent sell-offs, while major altcoins have seen even larger declines. Cardano (ADA) is also under pressure, trading near $0.2556, about 8.65% lower in the past 24 hours, and still roughly 92% below its September 2021 peak of $3.10.

Charles Hoskinson, founder of Cardano, said he has personally lost more than $3 billion during crypto market cycles but has chosen not to sell his holdings, stressing that his work in the industry is driven by long-term goals rather than short-t…

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