[DigitalToday reporter Jinju Hong] Cardano (ADA) founder Charles Hoskinson (찰스 호스킨슨) said he has suffered losses of more than 75 percent on his ADA holdings but will maintain a long-term holding stance.

On April 24 local time, blockchain outlet TheCryptoBasic reported that he said in a recent X Space about an IOG finance proposal that he is still a major ADA holder.

Hoskinson said he has taken large losses due to the recent market downturn. He said, "No one has lost more money than I have," while adding that he remains one of the biggest ADA holders. He did not disclose an exact amount, but has previously said his losses exceeded $3 billion when ADA fell 92 percent.

He also rejected the view that ADA's weakness is due to internal problems at Cardano. He argued there was no catastrophic failure or major technical disruption to explain the price plunge, and that the main backdrop to the drop was broad market pressure.

ADA was not the only token to fall. ADA started the year at $0.3328 and is down about 25 percent so far. Over the same period, bitcoin (BTC) has fallen about 11 percent from $87,508 and ethereum (ETH) has dropped about 22 percent from $2,967. The macro environment, including geopolitical tensions in the Middle East, also weighed on investor sentiment across cryptocurrencies.

Hoskinson also opposed calls to cut treasury spending too much. He made the remarks after IOG submitted 9 finance proposals for 2026. IOG halved the size of its funding request from last year, but questions continue about the need for additional investment.

He said cutting development or limiting the execution of funding during a downturn could stop innovation and weaken the ecosystem. He argued that continued investment is needed for Cardano to re-enter the top 10 by market capitalisation. He also said that without strong internal investment and the community's commitment, it would be difficult to achieve the goal of making ADA the No. 1 asset on CoinMarketCap.

Hoskinson said now is a time to test the Cardano community's long-term vision. He said the community must continue to have conviction and invest to challenge for a leading position in the market again.