Cardano Founder Charles Hoskinson Downplays BitBoy’s Claim Of Saving ADA

BitBoy’s claim of resurrecting ADA from the dead has drawn “gratitude” from Cardano founder Charles Hoskinson. The outspoken founder took to X to wish BitBoy well in his future endeavors outside the Cardano ecosystem amid a flurry of activity.

Cardano Founder Thanks BitBoy For Saving ADA With A Smirk

Crypto influencer Ben Armstrong aka BitBoy says he single-handedly saved Cardano from extinction with repeated claims that the network was dead. BitBoy made the assertion in a livestream, claiming that his use of reverse psyschology contributed to renewed institutional interest for Cardano.

By claiming that Cardano was dead, BitBoy says institutional investors flooded the ecosystem in a bid to prove him wrong.

“I have singlehandedly saved the ADA project,” said BitBoy on the livestream.

While his claims have triggered reactions, a video from the Cardano founder appeared on X thanking BitBoy for his efforts. Hoskinson, with a smirk, expressed gratitude to the cryptocurrency influencer, hinting at renewed institutional interest in the project.

“We’re very excited and glad that you’ve gotten what you needed to get BitBoy,” said Hoskinson with a glint of sarcasm. “Thank you for the kind words about Cardano.”

Institutional Interest In Cardano Soars In Recent Months

After enduring claims of the network has zero institutional interest for years, institutions are wading into Cardano. Institutional investors are eyeing a potential ADA spot ETF in the coming weeks, sending volumes to new highs.

There are whispers of Hoskinson meeting with a VIP in Florida, triggering speculation for a massive announcement in the offing. The Cardano founder confirmed a trip to Florida “to go do a thing,” leaving community members watching in anticipation.

On-chain analysis reveals a steady accumulation, signaling an ADA bullish run to previous highs. At the moment, ADA is trading at $0.6 with a market capitalization of $22.95 billion as ecosystem activity surges.