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On-chain tracking reveals that the founder of Cardano sold approximately 1.5 billion ADA in 2021
Svmuu On-chain tracking has once again sparked allegations that Cardano founder Charles Hoskinson sold approximately 1.5 billion ADA during the 2021 bull run. NFT creator Masato Alexander released an on-chain analysis, claiming that the connection path between the large ADA transactions and IOG-related staking pools was significantly shorter, with intermediate hops reduced from about 40 to between 1 and 7. His tracing focused on two transactions: a transfer of 925 million ADA and nine payments of 20 million ADA each. Hoskinson has not yet responded to these allegations. The Cardano Foundation responded by stating that Cardano has three independent founding entities: IOG, Emurgo, and the Cardano Foundation.
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