Cardano's (ADA) Hoskinson isn't selling after losing $3 billion in crypto rout

Cardano founder Charles Hoskinson disclosed during a live broadcast from Tokyo that he is currently holding over $3 billion in unrealized losses due to the sharp crypto market decline, which saw Bitcoin drop to around $60,000 and the broader CD20 index fall 17%. Hoskinson shared this figure to demonstrate that crypto founders are not insulated from losses affecting retail investors, stating his personal hit was larger than most. He emphasized that despite the massive loss, he has no intention of selling, asserting his commitment is to the long-term development of decentralized systems rather than short-term price fluctuations. He framed the selloff as a necessary transition period and stressed that his default answer is always 'no' to compromising his principles for short-term gains or access, confirming he is "here for life."

(Source：CoinDesk)