The post Could Charles Hoskinson’s Exit From Social Media Affect Cardano ADA’s Price? appeared first on Coinpedia Fintech News
Cardano founder Charles Hoskinson said he is stepping away from social media, raising questions among investors about whether his reduced public presence could affect interest in the Cardano blockchain and its ADA token.
In a video message, Hoskinson said that as he became more well known, staying highly visible on social platforms became counterproductive. He said his public persona was influencing how people viewed Cardano and related projects, including Midnight, in ways he felt were unfair.
Hoskinson said he plans to uninstall X and move into what he described as “silent mode,” leaving future online communication to curators and artificial intelligence tools. “I have more important things to do,” he said, adding that he no longer felt the need to remain active on the platform.
Debate Over Cardano’s Public Image
Hoskinson’s comments triggered debate within the crypto community. Some supporters said his decision could help shift attention away from personality-driven narratives and back toward Cardano’s technology and long-term development.
Others expressed concern that Hoskinson’s visibility played a major role in Cardano’s past growth. Tim Warren, host of Investing Broz, said Hoskinson’s accessibility helped build a loyal following that supported ADA during earlier market cycles.
Warren said many investors bought into Cardano because of Hoskinson’s vision and communication, particularly during the 2021 bull market, when ADA surged to record highs despite limited real-world adoption at the time.
Could ADA Be Affected?
Market participants remain divided on whether Hoskinson’s reduced presence will have a lasting impact on ADA’s price. Critics argue that stepping back could weaken investor confidence, especially among retail holders who were drawn to Cardano through Hoskinson’s frequent updates and commentary.
Others say mature blockchain projects should not rely on a single individual and that Cardano’s future should be driven by technology, developers, and real-world use cases rather than personal branding.
Hoskinson did not comment on ADA’s price or market performance. ADA continued to trade in line with the broader crypto market following his remarks, with no immediate reaction linked directly to his announcement.