1 week ago
11
Charles Hoskinson announced that he's taking a break without providing further context. ADA's price is in a serious downfall.
Cardano’s native cryptocurrency wasn’t spared today as the broader cryptocurrency market sees a wave of red. The altcoin crashed by about 11% in the past 24 hours, tumbling before the pivotal level of $0.20.
This follows a wave of declines throughout the past 24 hours, where the total market saw close to $2 billion worth of liquidated positions and billions removed from the market capitalization.
Source: TradingViewThis also takes place as Charles Hoskinson, the person behind Cardano, suddenly announced that he’s “taking a break.”
I’m taking a break. TTYL
— Charles Hoskinson (@IOHK_Charles) June 3, 2026
There is no further context – we don’t know if this is just a vacation or if Hoskinson is stepping away from Cardano and the industry as a whole. That said, it doesn’t seem like ADA’s price action is that much influenced by the tweet – more so by the broader market decline.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
About the author
Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over 8 years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping.
English (US) · 