NFT creator Masato Alexander published on-chain analysis alleging that Cardano founder Charles Hoskinson sold about 1.5 billion ADA during the 2021 bull market, highlighting a 925 million ADA transfer and nine 20 million ADA payments. The Cardano Foundation said Cardano has three separate founding entities: IOG, Emurgo, and the Cardano Foundation. Hoskinson had not responded, leaving the claims disputed rather than resolved.