Cardano founder announced a $3 billion loss.

Cardano founder Charles Hoskinson announced that he has experienced over $3 billion in unrealized losses during the recent downturn in the cryptocurrency market. Hoskinson emphasized that this situation shows that even founders are not immune to market effects.

Highlighting his long-term commitments, Hoskinson stated that he prioritizes the construction of decentralized systems and that chasing short-term price fluctuations is not very meaningful.

Looking ahead, Hoskinson aims to maintain his positions in the cryptocurrency market and views market sell-offs as a transition of financial systems. In this context, he pointed out the importance of Cardano projects focused on data integrity and privacy, namely Starstream and Midnight.