Cardano Founder Faces $3 Billion Paper Loss Amid Market Downturn

Charles Hoskinson, the founder of Cardano, has disclosed an unrealized loss of $3 billion following the recent downturn in the cryptocurrency market. According to NS3.AI, despite this substantial paper loss, Hoskinson remains committed to the long-term development of decentralized systems. He stressed the importance of focusing on technological advancements rather than reacting to short-term market price changes.