Investigation Finds Onchain Links to Claims Cardano Founder Sold 1.5B ADA During 2021 Bull Run
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An on-chain analysis by NFT artist Masato Alexander found blockchain records consistent with claims that Cardano's founder sold about 1.5 billion ADA during the 2021 bull run, with transactions matching major parts of the allegation. The finding raises token-performance and reputational risks for ADA, increasing potential market distrust, regulatory scrutiny and adoption headwinds for the Cardano crypto ecosystem.
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NFT artist Masato Alexander has shared the findings of an on-chain investigation into allegations that the Cardano founder sold 1.5 billion ADA during the 2021 bull market. According to Alexander, blockchain records show that transactions matching major parts of the claim did occur during that period.
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