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On-chain tracking re-accuses Cardano founder of selling approximately 1.5 billion ADA in 2021

2026-06-11 01:44

Odaily Planet Daily News On-chain tracking has once again sparked accusations that Cardano founder Charles Hoskinson sold approximately 1.5 billion ADA during the 2021 bull market. NFT creator Masato Alexander released on-chain analysis, claiming that the connection path between the relevant large ADA transactions and IOG-related staking pools is shorter, with the number of intermediate steps reduced from about 40 to 1 to 7. His tracking focuses on two transactions: a transfer of 925 million ADA and nine payments of 20 million ADA each. Hoskinson has not yet responded. The Cardano Foundation responded, stating that Cardano has three independent founding entities: IOG, Emurgo, and the Cardano Foundation.