Hoskinson Warns Crypto Is Bleeding Retail After Trump Coin Shock
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Charles Hoskinson claims that the launch of Donald Trump's meme coin has drained liquidity, weakened ADA prices, and harmed investor trust in crypto. He expresses concerns about low adoption, falling prices across the altcoin market, and doubts regarding the passage of the CLARITY Act, predicting delays could extend until 2029.
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- Hoskinson blames the Trump meme coin for draining liquidity and weakening ADA prices.
- He argues the timing sent mixed signals about U.S. crypto policy direction.
- Hoskinson doubts CLARITY Act passage, warns delays could stretch until 2029.
Cardano founder Charles Hoskinson has blamed the launch of President Donald Trump’s meme coin for worsening losses in the altcoin market, saying it drained liquidity, damaged trust, and pushed retail investors further away from crypto.
In a recent discussion, Hoskinson said the industry is “unhealthy” and pointed to falling prices, weak adoption, and stalled regulation as clear warning signs. He said many cryptocurrencies, including Cardano (ADA), are down sharply, with most tokens losing 40% to 50% since Donald Trump began his second term.
Hoskinson singled out the timing of the TRUMP token launch, which appeared just da…
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Coins
$ 0.166
-1.20%$ 0.0265
+0.64%$ 0.000017
$ 1.61
-0.29%Predictions Markets
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