Why Is Cardano’s Hoskinson Leaving X and What Does it Mean for ADA’s Price? – Crypto News – Crypto News
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Why Is Cardano's Hoskinson Leaving X and What Does it Mean for ADA's Price? Why Is Cardano's Hoskinson Leaving X and What Does it Mean for ADA's Price?

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Why Is Cardano’s Hoskinson Leaving X and What Does it Mean for ADA’s Price? – Crypto News

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Five more days left on X, he said.

Citing the overall direction X (formerly Twitter) is heading, IOHK’s leader, Charles Hoskinson, said he would be leaving the platform in less than a week, when a “digital twin” takes over the account.

He didn’t give any further details about his replacement to his million followers on X, but promised to do so in the first YouTube stream of the new year.

Hoskinson to Leave X?

Starting from January 1, Hoskinson’s fan base will be able to engage with him on Midnight Discord for weekly AMAs, YouTube for livestreams, and he also said he will focus on long-form writing that has been a decade in the making.

The person behind Cardano and, in parts, Ethereum believes X “rewards outrage,” while the work that they are building, including Africa, Midnight 1.0, and Cardano governance, “rewards building.”

The comments below his post were split. Some were quick to praise his move, agreeing that this is a decision many are “contemplating, given the direction of the platform.” Others were a bit more dismissive, saying that Hoskinson didn’t have to announce his departure as X is not an airport.

ADA Price Impact?

Hoskinson’s most important engagements on X have sometimes impacted the price of ADA, including on multiple occasions last year when he said he would work with the Trump administration in 2026 to establish clear crypto regulations. Or, when he hinted that Cardano might partner with Elon Musk’s SpaceX. Both of these led to immediate double-digit price pumps.

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The situation now seems rather different, though. He has taken sabbaticals from X in the past, which didn’t really affect ADA. Even if he doesn’t return this time, he would still be available on other platforms.

Nevertheless, ADA has been dropping hard in the past several months. It’s down by over 5% weekly and 18% monthly, and sits well below the cycle peak of over $1, currently trading at $0.35.

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