PANews
PANews|Jun 11, 2026 01:41
[On-Chain Tracking Sparks Accusations Against Cardano Founder for Selling 1.5 Billion ADA During the 2021 Bull Market] According to The Defiant, on-chain tracking has once again sparked accusations against Cardano founder Charles Hoskinson for allegedly selling approximately 1.5 billion ADA during the 2021 bull market. NFT creator Masato Alexander released an on-chain analysis, claiming that during this period, the connection paths between large ADA transactions and staking pools associated with IOG were significantly shortened, reducing intermediary steps from about 40 to 1 to 7. The tracking focused on two transactions: a transfer of 925 million ADA and nine payments of 20 million ADA each. Hoskinson has yet to respond to these allegations. The Cardano Foundation stated: 'Cardano has three independent founding entities: IOG, Emurgo, and the Cardano Foundation.'
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