Masato Alexander details on-chain probe into claims Cardano founder sold 1.5 billion ADA
The renewed analysis cites a 925 million ADA transfer and nine 20 million ADA payments, while the Cardano Foundation said Cardano has three separate founding entities and Hoskinson had not responded.
ADA
Fact Check
The claim is corroborated by the original primary source (Masato Alexander's X thread) and two independent news reports. The Crypto Basic and The Defiant both confirm the renewed on-chain analysis cites a ~925 million ADA movement and nine ~20 million ADA payments. The Defiant confirms the Cardano Foundation's comment regarding founding entities and that Hoskinson had not publicly responded. The cited claim accurately reflects these details, including the caveat that the analysis traces transfers but does not prove actual sales.
Summary
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.
Terms & Concepts
- on-chain analysis: The examination of public blockchain records to trace wallet activity and token transfers.
- ADA: Cardano's native token used to pay fees and transfer value on the network.
- bull market: A period when asset prices rise broadly and investor sentiment is strong.