Cardano Clash: Hoskinson Defends IOG Amid Whale Backlash

Cardano Founder Defends IOG as Whale Rallies ADA Delegators

A major Cardano whale, a delegated representative controlling around 6 million ADA, has publicly criticized Charles Hoskinson and his Input Output Global (IOG) foundation. The whale accused IOG of wasting millions on fruitless projects and failing to deliver results over the years. In a now-deactivated X account, the whale made their stance clear. They vowed to oppose all future IOG proposals and encouraged other delegators to do the same. Their…

Cardano whale slams Charles Hoskinson, calls for voting revolt

Whale, a delegated Cardano representative with substantial ADA holdings, has accused the project’s founder Charles Hoskinson and his Input Output Global (IOG) foundation of pointless expenditures worth millions of dollars. Alongside a 2025 Summit proposal vote, Whale, who has deactivated their X account, promised to no longer support Input Output proposals going forward. “We’re in a place where the founding entity has not delivered much for year…

Cardano Clash: Hoskinson Defends IOG Amid Whale Backlash

Charles Hoskinson devoted a 14‑minute livestream on Monday to a pointed rebuttal of a prominent Cardano “whale” and decentralized‑representative who has pledged to cast blanket “no” votes on every future funding request from Input Output Global (IOG). The unnamed whale, posting under the alias “Generic Rational,” claims the project’s founding engineering company “has not delivered much for years” and is “requesting obscene amounts of funds to ke…

ADA Eyes $1 Breakout—But Can Cardano Survive Its Leadership Struggle? News ETHNews

Cardano (ADA) is nearing the critical $1 mark after a sharp price rally driven by strong trading volume and robust ecosystem growth, signaling potential for further gains. However, internal governance tensions, highlighted by a dispute between founder Charles Hoskinson and a dissenting DRep, pose challenges to the network’s stability as it enters a pivotal leadership transition. Cardano (ADA) has recently showcased an impressive price rally, sur…