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Charles Hoskinson denies rumors he is quitting Cardano amid ADA price struggles.

Market News
09 Jul 2026
BeInCrypto
View Source
Bearish
pluang ai news

Charles Hoskinson, founder of Cardano, has publicly denied rumors that he is retiring from the project, calling the claims completely false and based on out-of-context clips. This comes during a challenging time for Cardano, with ADA trading near $0.16, down about 94% from its 2021 peak, and recent governance issues following a wallet exploit. Despite these struggles, Hoskinson remains active in the ecosystem and has proposed governance changes to restore confidence. The broader altcoin market also faces pressure, with Bitcoin dominance high and altcoins yet to gain significant traction in 2026.

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