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Highlights
- Cardano’s founder Charles Hoskinson allegedly goes missing.
- This comes after he was inactive from social media for four days.
- Speculations continue to grow on social media about his whereabouts.
Charles Hoskinson, the co-founder of Cardano has allegedly gone missing following inactivity from his social media accounts as claimed by several within the community. Hoskinson is known for his frequent interactions with members of the crypto community. Meanwhile, ADA holders are projecting a bullish price action if he resurfaces with a new update.
Charles Hoskinson Allegedly Goes Missing
Speculations are growing concerning the whereabouts of Cardano’s founder Charles Hoskinson. The issue gained popularity on social media following the founder’s unusual absence from frequent social media interaction and updates. According to the reports on X (formerly Twitter), Hoskinson has not been in touch for four days, a timeline obtained from his last post on the social media platform.
Meme token Hosky joined the frenzy as the wider community shared concerns about his present location. The platform and other users released memes regarding his present inactivity.
🚨 MISSING FOUNDER 🚨
Name: Charles Hoskinson
Last Seen: August 24th, Twitter
Details: @IOHK_Charles, known for his contributions to blockchain technology and as the founder Cardano, was last seen August 24th on Twitter. He was reported missing by HOSKY, and there are concerns… pic.twitter.com/XIw3WBKQ8x— HOSKY (@hoskytoken) August 27, 2024
Amid the growing speculations, some users opine that it’s a short time off social media, probably working on a major update. However, Charles Hoskinson frequently interacts with users about the network’s development, leaving many with questions on the issue. ADA price trades at $0.353, a 3% decline in the last 24 hours following a wider market correction.
What’s Next For ADA Price?
The Cardano Network is known for its developments and community engagement with many projecting possible price gains. ADA bulls continue to speculate upward movement hinting at possible developments coupled with potential Fed rate cuts in September and crypto momentum ahead of the U.S. elections. Several politicians have taken up a pro-crypto stance ahead of the November igniting positive sentiments in the space.
Former U.S. President and Republican candidate Donald Trump released the fourth series of his digital trading cards adding to growing support within the Bitcoin industry. Several industry participants have also backed Trump pointing to clearer rules in the market to drive innovation.
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