Hoskinson X post sparks 10% ADA sell-off; Cardano token hits $0.15
2026-06-06 10:13:54
Cardano founder Charles Hoskinson posted “I’m taking a break. TTYL” on X on June 3, 2026, triggering a fresh 10% ADA sell-off and sending the token to $0.15 for the first time in more than five years. According to BeInCrypto, the move followed his warning a day earlier about a wave of ecosystem failures after analytics platform TapTools collapsed, with NFT marketplace JPG.Store also shutting down after entering restricted mode in April. Hoskinson said he has no governance keys, cannot initiate a hard fork, and lacks access to the treasury as disputes intensify.
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