Cardano founder says he won’t cash out despite $3B loss

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Yaroslav Dmytrenko

06.02.2026

Cardano founder says he won’t cash out despite $3B loss — Hoskinson shrugs off $3B crypto losses amid market crash

Cardano founder Charles Hoskinson loses over $3 billion amid crypto market crash, refuses to cash out tokens

Highlights

Since the beginning of 2026, investors have been losing an average of $20 billion per day due to the crypto market downturn.
Cardano founder Charles Hoskinson admitted that since ADA reached its all-time high, he has personally lost more than $3 billion.
However, Hoskinson refuses to liquidate his cryptocurrency holdings on principle.

From January 1 to February 6, the total cryptocurrency market capitalization fell from $2.97 trillion to $2.25 trillion, translating into average daily losses of around $20 billion. Against the backdrop of shrinking positions and public discussions of losses by prominent figures in the crypto industry, Cardano founder Charles Hoskinson revealed during a livestream from Tokyo that the market decline had wiped out more than $3 billion from his personal crypto assets. Despite this, he stated that he has no plans to liquidate his holdings.

Earlier this year, in an interview with Scott Melker, Hoskinson estimated his total losses over the past four years at $2.5 billion, blaming regulatory pressure and political interference for scaring away retail investors. As recent weeks show, another $500 million has been added to the Cardano founder’s losses, as ADA has fallen 92% from its all-time high of $3.10 recorded on September 2, 2021.

Hoskinson remains hopeful

Hoskinson described 2026 as a “reset” rather than a classic bull market, emphasizing that real-world use cases matter more than hype. He also reaffirmed his commitment to crypto investing principles, stating that he was not involved in the FTX scandal or the Epstein case. Additionally, he noted that he has no interest in visiting Donald Trump’s office for any reason.

“It would be very easy to cash out. Just walk away. And do you really think I care if I lose everything? Do you think I’m doing this for the money? You are deeply mistaken if you think so,” Hoskinson commented on the sharp decline in his net worth.

Instead of selling, he continues to position himself as a committed crypto evangelist. In this context, he once again repeated his well-known phrase, paraphrased from the Bible: “I will be with you in red days and in green days.”

As we wrote, Charles Hoskinson explores Cardano role in future tech

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