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Cardano's Charles Hoskinson reveals $3 billi
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Cardano's Charles Hoskinson reveals $3 billi
Cardano's Charles Hoskinson reveals $3 billion unrealized loss in crypto rout
Cardano's Charles Hoskinson reveals $3 billion unrealized loss in crypto rout
He stressed long-term commitment, prioritizing the development of decentralized systems over short-term price fluctuations.
By Francisco Rodrigues, AI Boost|Edited by Stephen Alpher
Feb 7, 2026, 4:50 p.m.
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Charles Hoskinson (CoinDesk)
What to know:
- Cardano founder Charles Hoskinson revealed over $3 billion in unrealized losses during the crypto downturn, emphasizing that founders are not immune to market effects.
- He stressed long-term commitment prioritizing building decentralized systems over short-term price changes.
- Hoskinson intends to maintain his positions and views the selloff as a transition for financial systems, citing Cardano projects like Starstream and Midnight focused on data integrity and privacy.
ADA$0.2738 founder Charles Hoskinson said he is sitting on more than $3 billion in unrealized losses during the current crypto market downturn, offering a rare look at his personal exposure during a period of sharp declines.
Speaking from Tokyo in a live broadcast, Hoskinson addressed a market rattled by forced liquidations and falling prices in an inspirational message. Bitcoin BTC$69,301.98 dropped to around $60,000 during the week, losing about 16% of its value, while the broader CoinDesk 20 (CD20) index fell 17%. ADA$0.2738 dropped by 15.6% in the week.
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Hoskinson said he shared the figure to counter claims that crypto founders are insulated from losses that affect retail investors. He told viewers that his financial position has taken a larger hit than most people following the market.
“I’ve lost more money than anyone listening to this. Over $3 billion now. It would’ve been real easy to cash out, just walk away,” Hoskinson said.
“Do you think I honestly care if I lose it all? There’s a reason I’m not in the Epstein files, there’s a reason I didn’t get rolled up in FTX,” he added.” “It’s not because no one likes me, it’s because my default answer is no. I don’t care if I lose money, I don’t care if it means I get put in the little kids' table and I don’t get to go to the White House and all of these other things.”
In his remarks, Hoskinson emphasized building for the long-term growth of the ecosystem rather than focusing on short-term price movements.
The comparison framed the downturn as part of a longer cycle rather than a breaking point. Hoskinson added that “every foot forward on that difficult road” is progress, adding he’s “here for life, this is who I am and is always going to be who I am.”
He also said he has no plans to exit his positions. Instead, he described the selloff as a transition period as financial systems adjust to new technology.
For example, he pointed to Cardano-based projects such as Starstream and Midnight, which he said are designed for data-integrity and privacy-focused applications.
Cardanocrypto pricesCharles Hoskinson
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