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Cardano founders reportedly sold over 1.5 billion ADA during 2021 bull run amid price surge and decline.

Market News
12 Jun 2026
Zycrypto
View Source
Bearish
pluang ai news

Research suggests Cardano's founding entities sold more than 1.5 billion ADA tokens during the 2021 bull run when prices peaked at $3.09. This has sparked debate in the crypto community about governance and transparency, although the Cardano Foundation denies knowledge of specific transactions and emphasizes their long-term commitment. The ADA price has since dropped nearly 95%, trading below $0.2, reflecting broader market trends and challenges for the blockchain. Recent setbacks include the closure of Cardano analytics firm TapTools, with founder Charles Hoskinson warning of more difficulties ahead without innovation in decentralized apps.

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