Crypto: Cardano Is Regaining Ground, Its Founder Resurfacing.

The price of Cardano (ADA) shows signs of stabilization following the reappearance of Charles Hoskinson, its founder, after several days of absence. This news, coupled with the imminent Chang update, could alleviate recent concerns and potentially reverse the cryptocurrency’s downward trend.

End of the mystery: Hoskinson reappears and reassures the community

Charles Hoskinson, the founder of Cardano, put an end to the speculations by posting a video on Twitter on August 29. In this intervention, he claims to be in good health and denies any worrying disappearance. “The reports of my death are greatly exaggerated. I was on Denali Mountain, at the Sheldon Chalet.”, he stated, thus dismissing the rumors that had fueled uncertainty in recent days.

This temporary absence from social networks, unusual for this generally very active leader, coincided with the postponement of the Chang hard fork to September 1, thus amplifying the concerns of the crypto community.

Following this news, the price of ADA shows signs of recovery. The 1.5% drop observed in the previous 24 hours seems to have stabilized, and the pessimistic forecasts of an additional 10% drop could be revised upwards. At the time of writing this article, ADA shows a 3.54% increase over 24h.

The whales maintain their confidence

The activity of Cardano whales remains strong, confirming the confidence of major investors. Data from Santiment shows a steady increase in activity of wallets holding more than $100,000 in ADA since August 24, despite recent price fluctuations.

IntoTheBlock confirms this trend, with a positive net flow of large holders between August 25 and 28. This activity could signal either opportunistic buying in anticipation of a rebound or a strategic repositioning of wallets.

The number of active addresses on the Cardano network remains high, with a 49% increase in 24 hours, reaching 36,184, a monthly record. This increase, combined with Hoskinson’s return, could indicate renewed confidence in the Cardano ecosystem.

The Cardano community can now focus on the Chang update scheduled for September 1. The return of Charles Hoskinson and the expected success of this update could be the catalysts for a recovery in ADA’s price in the coming days.