Cardano Founder Gets Closer to the People: From Selling Lamborghini to $3 Billion Losses

In the world of cryptocurrencies, where fortunes can evaporate in a matter of days, Cardano founder Charles Hoskinson decided to share his personal story of ups and downs. Last week, he announced radical steps to "go all in" on crypto, and today he revealed the scale of his losses. This isn't just words, it's a reminder of the market's volatility, which spares no one, not even billionaires.

"All In": Selling Luxury for Faith in the Future

On February 1, 2026, Hoskinsonstated in a live broadcast that he was ready to part with his luxury assets to fully focus on developing Cardano.

"I'm going to sell my Black Hawk, mothball the jet, sell the Lamborghini. Just go all in," he said.

This statement sparked a storm of discussions in the community: some saw it as an act of dedication to the project, others as a PR stunt.

For example, in responses to the Altcoin Daily post, users expressed skepticism: "A weird way to say I'm broke..." or "This is classic Charles theater, selling toys for 'conviction,' but where's the real chain usage?". Nevertheless, Hoskinson, known for his enthusiasm about decentralization, emphasized that it's not about money, but about faith in blockchain technology.

Losses Over $3 Billion

But the market proved tougher than expected. On February 6, during a live stream from Tokyo, Hoskinsonadmitted:

"I've lost more money than anyone listening to this. Right now, I've lost over $3 billion."

These losses are unrealized (on paper), caused by the drop in ADA prices and other assets. He refused to sell, stating: "I don't care if I lose everything."This isn't the first time Hoskinson has spoken about losses. Back in January, he estimated the damage at $2.5 billion, blaming regulatory uncertainty and political interference. According to him, 2026 will be a "fundamental reset" for the industry, where real utility will replace speculation.

What's Happening with Cardano?

Cardano (ADA) is currently trading around $0.30, having lost over 90% from its 2021 peak. Despite this, Hoskinson is focusing on development: recent updates include improvements in scalability and partnerships in Africa. However, critics point out low TVL (total value locked) and lack of mass adoption.

Opinions in the community are divided. Some see Hoskinson as a "hero" holding his position, others joke: "Waiting for the former billionaire behind the McDonald's counter." But one thing is clear, his story underscores the risks of crypto: even founders aren't immune to collapse.

If you're holding ADA, this might be a signal to HODL. Or a reason to think: is it worth going all in, like Charles?