Cardano Founder Burnes ADA Coin

This is a Grass news story, published by CoinGape, that relates primarily to Cardano news.

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Cardano founder Charles Hoskinson

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Cardano founder burn

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Business & Economics

Why Cardano Founder Burned $100M Worth of ADA Meme Coin? | CoinGape

Summary

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56% Informative

Charles Hoskinson burned $ 100 M worth of ADA meme coin, CHARLES , to protect Cardano 's reputation.

Hoskinson received 90% of the CHARLES total supply, but burned all to protect the reputation of Cardano .

After a 4% drop, Cardano price is slowly crawling back, trading at $ 0.9559 .

ADA is forming a cup and handle pattern, implying a rally in the market.

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