 ▲ Cardano (ADA) |
Amid a historic market crash, Cardano (ADA) founder Charles Hoskinson called for community solidarity and declared a head-on push to turn the crisis into an opportunity.
According to crypto-focused outlet U.Today on February 5 (local time), the global cryptocurrency market saw roughly $105 billion in market capitalization wiped out in a single day, creating a so-called bloodbath. Hoskinson emphasized that even amid extreme volatility, the ecosystem’s technological progress and the community’s mission remain unchanged, reaffirming his long-term vision.
The Cardano ecosystem recently faced a major setback with capital outflows from institutional investors. Grayscale, the world’s largest digital asset manager, removed Cardano from its flagship Grayscale CoinDesk Crypto 5 ETF (GDLC) and replaced it with BNB. Following news of institutional stop-loss selling, Cardano’s price fell by more than 20% compared with a week earlier, sharply cooling investor sentiment.
Even in the midst of the crisis, Hoskinson has continued to pursue new technological initiatives to expand the ecosystem. He urged Cardano-based memecoin and non-fungible token (NFT) projects to collaborate with Logan, the network’s new artificial intelligence (AI) agent, accelerating technological integration. The move is seen as a strategy to go beyond mere price defense and diversify real-world use cases to strengthen the ecosystem’s long-term resilience.
Hoskinson characterized 2026 as a “reset year” that will reshape the market’s fundamentals. He predicted that an era dominated by speculation will fade, giving way to one in which real infrastructure and user experience determine value. He also expressed confidence that once regulatory uncertainty is resolved through legislation such as the U.S. crypto market structure bill (CLARITY), Cardano’s research-driven philosophy will be reassessed by the market.
The cryptocurrency market is currently undergoing a painful cleansing process as excessive leverage is being unwound. Hoskinson stated that Cardano is executing a game plan to become the most reliable decentralized system in human history, urging the community to remain steadfast and maintain a builder’s mindset.
*Disclaimer: This article is for investment reference only, and no responsibility is taken for investment losses based on it. The content should be interpreted for informational purposes only.*