The cryptocurrency market, as always, is full of rumors and disinformation. This week, the target of another wave of fakes was Cardano founder Charles Hoskinson. In response to spreading claims about his alleged imminent departure from the project, Hoskinson issued a categorical denial, calling this information an absolute fabrication.
In a video message published this week, the Cardano founder directly stated that the information about his departure is a targeted disinformation campaign. According to him, the authors of clickbait videos take his quotes out of context and create emotional but completely false materials to gain views and likes. Hoskinson emphasized that all these claims that he considers Cardano a failed project are completely unfounded.
Disorganization in the Community
Notably, the rumors spread unexpectedly widely. As Hoskinson himself noted, the disinformation reached such an absurd level that even London taxi drivers were seriously discussing with passengers the imminent change in the project's leadership. Moreover, representatives of partner companies encountered the same false information, and ultimately, this information reached the level of CEOs of large organizations. This indicates that the campaign was well-planned and aimed at undermining trust in the ecosystem.
"This is categorically not true. This is a complete lie. This is a fabrication from start to finish," the Cardano founder emphasized, urging project supporters to actively share his video with those who repeat these rumors.
A Difficult Period for Cardano
The denial came during a rather difficult period for the project. The ADA exchange rate continues to be under serious pressure. At the time of writing this review, the coin is trading around $0.16, which is approximately 94% below the historical peak of 2021, when the price reached $3.09. The network has also faced a governance crisis: investor Justin Bons publicly called for Hoskinson to step down, which provoked a harsh reaction from the community.
However, not all news is negative. This month has seen an increase in the number of Cardano wallets, despite ADA failing to hold above local lows. Hoskinson also proposed a governance reform to restore trust in the project. It is now critically important for the community not to panic and to focus on fundamental network improvements.
General Background of the Altcoin Market
Cardano's problems largely reflect the general stagnation in the segment of alternative cryptocurrencies. Bitcoin dominance is steadily holding around the 58% mark, testing an important support level formed back in August 2025. The altcoin season index is currently at 45, and for a full trend reversal, this indicator needs to exceed the 75-point threshold. The fear and greed index continues to indicate a predominance of panic sentiment among investors. For most of 2026, the main financial flows have been concentrated exclusively in Bitcoin and Ethereum.
Cryptalist Expert Opinion: Such information attacks are a classic sign of a bear market, when unscrupulous players try to exacerbate panic. However, for long-term ADA holders, this could be a signal that the project is alive and its leader is still involved in development. Fundamental network indicators, such as the growth in the number of wallets, indicate sustained interest despite the price depression. The key question now is whether the proposed governance reform can convert this interest into real price growth.