Cardano (ADAUSD) saw a significant price drop, leading to $167,850 in long-position liquidations within an hour, creating a 66,530% liquidation imbalance against just $243 in shorts. Charles Hoskinson highlighted a $50 million loss from an address poisoning attack, noting that Cardano’s UTXO model offers better protection against such scams than Ethereum’s account-based model. Charles Hoskinson, Cardano’s founder, denied rumors of selling ADA tokens at a high price in 2021, claiming he never sold any ADA and calling the allegations false.
Cardano Price Drop Triggers $167K Liquidations; Hoskinson Denies ADA Sale Rumors
Cardano’s price drop triggered six-figure liquidations and a $50M loss from an address poisoning attack, while founder Charles Hoskinson denies ADA sale rumors and cites UTXO protections.
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