People have been asking where is the proof that Charles dumped billions in 2021. This is as good as you're going to get on chain beyond the obvious reality that he went on a giant spending spree and talked about being a billionaire in Fiat immediately after these events.
A May '25 tweet claims @IOHK_Charles sold ~1.5B ADA in the '21 hype cycle, plus 10x 20M payments to @gavofyork.
Rather than take its word, i wanted to check the chain.
Tracing funds is hard, but those x10 20M payments are a solid place to start:
🧵👇
https://t.co/X5vtdke3KQ
@bobasfk@masatoalexander Lol, do you remember that island video.. that was the bullish peak for Cardano how we were going to open the gates for everyone 🤣 he really is a top notch salesman!
Mayne Shares Raw Views on Charles cardano:native Situation and Why Breakout Avoided a Token
"You can have a great business but your business can be amazing and your token could go down. Cardano's a scam. Useless coin that no one uses and makes no money. Charles had this coming a little bit. He acts like everyone’s yelling at me, what am I supposed to do about the token. He doesn’t have control over the token."
"Naturally he is the face of it. People are gonna come after it. If Breakout starts scamming people, people would come after me. Breakout doesn’t scam people. People still come after me."
"When we first launched people were sending me death threats. I’m launching a prop firm. Then that prop firm got acquired by Kraken which is soon to be a publicly traded company. And people still come after me."
"It is what it is. It’s the cost to do a business. We never launched a Breakout token for this exact reason. Doesn’t matter how successful the business is. Can’t control the price of the token."
Over the years so many people have come up to me at conferences or slid into my DMs to say that they used to be a Cardano believer and thanked me for my book
Let’s take a trip down memory lane …
Charles Hoskinson sent cease and desist letters and mobilised as much political, commercial and legal leverage as he could to attack and threaten publications who had reported on the onchain discovery that he had unilaterally forked the chain in order to take control of funds, and covered it up so nobody knew what he had done, at the time - or post-fact.
And they didn’t like it. Even though he started spending tens of millions of dollars to buy Coindesk and others to make sure they talked positively about Midnight pre-launch, it’s his Trumpian behaviour they remembered.
So I’ve got little sympathy for those now complaining as these same publications rightfully bury him for yet another unhinged, but unnecessary, ego-driven, public crashout and gaslighting episode.
He’s been attacking them for a lot longer than he’s been paying them. And now it shows.
@EmanAbio I just want to know what amazing cool projects we are building that will bring the people. I keep hanging out for it but so far i'm not seeing it. i see Sui innovation but to date not defi innovation that's not already available elsewhere.
@CoinDesk@IOHK_Charles I do love these Charles wearing Maccas uniform posts. The sad reality is that he is wearing the blood of cardano:native holders.
INSIGHT: $ADA falls below $0.20 for the first time in five years as @IOHK_Charles says he is "taking a break" and warns of a coming "wave of failures" in Cardano's ecosystem after the community cancelled its flagship 2026 Summit and rejected key treasury proposals.
@KingMntungwa He fell in love with a narcissist. It's hard to break out from under that spell. Relationship has destroyed the person he used to be. I've been there, only way to recover is through separation. He is in very deep though, the trauma bond is hard to breaf free from.
9-5 jobs are comfort money. They give you just enough money to make it hard to leave. Then you buy a house, get a car, have kids. Then it's too much risk to leave the job.
Next thing you know, you blink, and you're 60.
Buffet is putting his money where his mouth is: Cash.
Berkshire's cash pile is at a record high. They have been selling stocks for the past 3 years!
That's either extreme caution - or a very clear verdict on market valuations.
🚨 @SuiNetwork is Centralised
> 52% of 10B supply "unallocated" till 2030.
> Founders control that supply.
> They stake it. They earn the rewards.
> 84% of all staked $SUI belongs to them.
> They claim it's parked with centralized custodians (BitGo, Anchorage...)
> Refused to disclose the wallets.
This supply was probably kept unallocated for ecosystem growth and community incentives.
Not for the team to treat like secret reserve.
Sui has great tech. The community is genuinely stronger than most chains.
But this is not decentralization. Thoughts 👇