Cardano founder Charles Hoskinson has rejected speculation that he plans to abandon the blockchain project amid one of the toughest periods for Cardano in recent months.
Responding to rumors circulating on social media Friday, after an earlier tweet in which he stated he is taking a break, Hoskinson said he remains committed to Cardano despite growing criticism from sections of the community.
“No, I’m not leaving. I’m not suicidal. I’m not leaving the ecosystem or resigning from Cardano and running around,” Hoskinson said.
The entrepreneur acknowledged that criticism is part of public leadership but warned that constant attacks can take a psychological toll. One of the strongest themes in Hoskinson’s statement was his insistence that his mission has never been centered on boosting ADA’s price.
“What I’m not passionate about is making the price of ADA go up so that speculators can dump it and go on to the next thing,” he said. “It’s never been my passion.”
 
Instead, Hoskinson argued that his focus has always been on solving difficult technical challenges, advancing blockchain research, improving privacy technologies, and expanding financial inclusion through decentralized systems.
He highlighted upcoming projects related to RealFi, Bitcoin programmability, and privacy-focused infrastructure, suggesting that development within the ecosystem remains active despite weak market performance.
Hoskinson also criticized what he sees as the crypto industry’s obsession with token prices.
“If you play the game of token go up, you’ll never win,” he said. “There’s always a new person to demand the token go up even more, and when it goes down, you get blamed for the free fall.”
Beyond addressing criticism, Hoskinson used the opportunity to raise concerns about Cardano’s future governance and strategic direction. He argued that the ecosystem requires stronger accountability, renewed leadership, and a clearly defined roadmap to align developers, builders, and stakeholders around shared objectives.
According to Hoskinson, Cardano’s biggest challenge is no longer technological development but creating a common vision that the broader ecosystem can rally behind.
While acknowledging that he cannot promise a return to previous highs, he emphasized the need for Cardano to pursue a purpose beyond speculation.
“I can’t promise you that this will return to $3 ADA, but what I can say is it at least gives the project a reason to exist and a reason to be excited about it.” He added.
The timing of Hoskinson’s comments coincides with a difficult period for ADA holders. ADA remains under sustained pressure, tracking broader weakness across the cryptocurrency market.
Over the past seven days, the token has fallen by nearly 35%, extending a prolonged downturn that has seen it decline roughly 95% from its all-time high of $3.10 set in 2021.
That said, for now, Hoskinson’s message remains clear and unequivocal: he is not stepping away from Cardano. While he plans to take a temporary step back from social media to reflect on the project’s future direction, he maintains that the ecosystem still has a viable path forward and opportunities for renewal.
“Don’t for a moment believe that Cardano is dead,” Hoskinson emphasized. “If we’re real, we can survive anything, including the loss of your founder.”
At press time, ADA was trading at $0.1696, reflecting a 5.31% surge in the past 24 hours.
Be the first to comment