Cardano founder Charles Hoskinson denied rumors of selling his ADA holdings, which were linked to the cryptocurrency’s 80% price crash, and urged the community to stay optimistic for 2026.
Cardano’s price has fallen from a peak of $0.484 on December 9, facing resistance at $0.38.
Sellers aim for a drop below $0.34, risking further declines.
Cardano’s founder, Charles Hoskinson, emphasized traditional finance’s shift towards tokenization, recognizing Cardano’s role in Web3 and the $10 trillion potential of real-world assets.
Analysts note the risk of further losses if selling pressure persists, with traders eyeing a potential break below $0.34.
Investors will be watching whether the long-term narrative can translate into a sustained rebound in 2026.
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