Cardano’s 35% decline in the past month left the community searching for answers, and founder Charles Hoskinson offered a controversial one.
He argued that institutions orchestrated the collapse through coordinated pump-and-dump activity.
According to Hoskinson, institutions pushed ADA and Bitcoin to inflated highs before offloading their crypto treasuries at scale.
The cycle allowed them to profit twice, first from the rally and then from the subsequent shorts, while retail participants faced the worst of the fallout.
According to him, these entities removed tens of billions from the ecosystem and created a liquidity vacuum that squeezed market makers and destabilized the broader market.
“The reason why the price is low, it’s because institutions got what they wanted. They pumped & dumped the dats…”
“Pumped it up, shorted it down, made both sides of the trade…” -Charles Hoskinson
Concerning Cardano ADA & Crypto in general… pic.twitter.com/dRHGYm9xTJ
— 𝙈𝙚𝙩𝙖𝙈𝙖𝙣 𝙓 ™ (@MetaMan) November 24, 2025
A Fragile Recovery
ADA has slowly pushed back above the $0.40 level while Bitcoin rose to reclaim the $90,000 zone.
Hoskinson believes this rebound could be the early foundation for renewed stability, especially once the Clarity Act takes effect next year in the United States.
He expects regulatory clarity to draw new capital, restore confidence, and potentially set the stage for Bitcoin to touch $250,000 by the end of 2026, pushing ADA higher.
ADA Price Analysis: Rising From a Critical Support Zone
The weekly ADA chart shows that ADA now sits between two converging trendlines and has formed a tightening wedge that will determine the next major direction.
Source: TradingView
A bullish breakout above the descending resistance could trigger a strong continuation toward the major supply zone near the $1 area.
Clearing that level would open a larger expansion phase, with a long-term target at $10.
On the other hand, a rejection from the resistance zone could push ADA back toward deeper bearish targets like $0.20.
ADA Comeback Brewing as $BEST Presale Steals the Spotlight
While ADA eyes a massive breakout to $10, Best Wallet Token ($BEST) steps into the non-custodial wallet space, bringing a set of perks that tie the token directly to real utility inside the ecosystem.
At the core of $BEST is access. Holding the token opens the door to early entries into new presales and emerging projects that haven’t hit the market yet.
It’s designed for users who want to catch opportunities before they trend.
The token also cuts down transaction costs across the Best Wallet ecosystem and gives active users a financial edge.
For those who enjoy staking, $BEST boasts a massive 74% per annum in rewards. A portion of the supply is set aside to pay out these dynamic rewards.
Also, governance rights let holders participate in key decisions like adding blockchain integrations, new token support, or product features.
The $BEST presale ends in just 24 hours, marking the final opportunity to secure tokens at $0.026005 before listings hit major platforms.
Getting involved is fast and effortless:
- Visit the official Best Wallet Token website.
- Connect any supported wallet, such as the Best Wallet itself.
- Buy using crypto (USDT or ETH) or simply use a debit or credit card.