Cardano founder Charles Hoskinson has stated that he is one of $ADA’s largest holders.
Hoskinson reiterated his commitment to Cardano during a recent AMA session while responding to questions from the community. He described Cardano positively and emphasized that he remains heavily invested in the ecosystem. Specifically, Hoskinson highlighted the size of his $ADA holdings, confirming that he remains one of the largest holders of the token.
Although Hoskinson has repeatedly described himself as one of $ADA’s largest holders, he has not disclosed the exact number of tokens he owns. For context, Cardano’s initial token distribution raised over $60 million between 2015 and 2017. However, the amount of $ADA allocated to Hoskinson from that distribution remains undisclosed.
Insight Into Hoskinson’s Holdings
Nevertheless, Hoskinson has previously provided some insight into the scale of his $ADA holdings. Earlier this year, he disclosed that he had incurred more than $3 billion in losses as $ADA declined sharply from its all-time high.
$ADA reached a peak of $3.10 during the 2021 bull market. The token has since fallen more than 90% from that peak, with $ADA trading around $0.24 at the time of the commentary.
Despite the substantial decline, Hoskinson continues to identify himself as one of the largest $ADA holders, reinforcing his stated long-term commitment to the Cardano ecosystem.
Calls for Greater Community Coordination
Meanwhile, Hoskinson addressed another issue involving Cardano’s global community. While answering a user who asked what advice he would give his younger self five years ago, he highlighted the size of Cardano’s staking community.
According to him, around 1.4 million people stake $ADA globally. However, he questioned why these participants do not have a more unified communication platform on services such as Discord or Telegram.
Instead, he argued that Cardano’s communication channels remain fragmented across numerous communities and platforms.
Proposed Dedicated Discord Server for Cardano Community
Hoskinson has previously proposed moving core community and governance discussions away from X and into a dedicated Discord server. Under the proposed structure, separate channels would accommodate different topics while stronger moderation would aim to limit hostility, misinformation, and disruptive behavior.
However, the proposal has also drawn criticism from some community members and crypto enthusiasts. Critics have raised concerns that extensive moderation could limit legitimate criticism or create censorship concerns.
Supporters of the proposal, meanwhile, argue that a dedicated platform could provide Cardano participants with a more organized environment for constructive discussions. They contend that greater coordination could also make it easier for community members to participate in ecosystem and governance conversations.