'I Didn't Dump', Cardano Founder Says: Does It Matter If ADA Is Down 58% In 2025?

Core Insights - Charles Hoskinson, the founder of Cardano (ADA), has denied allegations of selling ADA at $3 and not repurchasing at the current lower price of $0.36, amidst a year-to-date decline of 58% in the token's value [1][2][4] Price Dynamics - ADA has experienced a significant decline of 58% year-to-date, with a 15.6% drop occurring in December alone [6] - The price has been on a downtrend since December 9, when it was rejected at $0.49, with current trading levels squeezed between the Supertrend indicator at $0.3756 and SAR dots at $0.3401 [6][7] - Recent price action shows a bounce from $0.3380, marking the second test of this support zone within a week [6] Market Sentiment - Bulls are attempting to defend the $0.3380-$0.34 support level, but weak buying pressure is evident as the price struggles to reclaim $0.36 [7] - A break below the $0.3380 support could lead to significant selling pressure towards the $0.30-$0.32 range, where historical price structure is minimal [7] - Resistance levels are identified at $0.3750-$0.38 and more significantly at $0.40-$0.41, where sellers are likely positioned [7][8] Trading Activity - On December 26, ADA saw a net outflow of $877.81K, continuing a trend of consistent selling pressure throughout the year [8]