Charles Hoskinson loses $3 billion in crypto – and isn’t thinking about selling
- Cardano founder Charles Hoskinson said in a livestream that he had lost over $3 billion in crypto assets.
- However, there are book losses and he would neither sell his positions nor withdraw from the market.
Hoskinson emphasized that he had “lost more money than anyone in the audience,” but made it clear that financial motives played no role for him.
He explained that it would have been very easy to liquidate his positions and exit the industry. However, that is not an option for him because he does not see his work as financially driven.
Hoskinson pointed out that for years he had consciously avoided questionable offers that would have given him quick wealth or political influence. This also included deals with FTX and political initiatives such as the CLARITY Act, which he criticized as flawed. Personal integrity takes precedence over personal advantage.
Appell an die Community
Hoskinson also addressed the crypto community directly, which is currently facing a significant market decline.
He warned that the situation could deteriorate further, but urged developers and investors to persevere and focus on long-term value creation.
He emphasized that every contribution in the industry means something and has the potential to make a big difference. On the day of his statements, the market fell by almost nine percent and Cardano’s ADA token lost eleven percent.
Optimism despite the downturn
Despite the market downturn, Hoskinson expressed optimism about Cardano’s technological advancements. He referred to ongoing work on the L2 project Hydra, the consensus development Leios and the privacy sidechain Midnight.
These projects are evidence that Cardano is making good progress despite difficult market conditions.
Hoskinson also praised him Ethereum inventor Vitalik Buterin and Solana founder Anatoly Yakovenko as reliable allies in promoting global crypto adoption.
Red Days https://t.co/lO21fGjc0w
— Charles Hoskinson (@IOHK_Charles) February 5, 2026
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