Hold onto your hats, folks! ADA is holding steady at $1.19, despite some nefarious shenanigans in the crypto world. Charles Hoskinson, the mastermind behind the Cardano ecosystem, has revealed that the Cardano Foundation’s X account fell victim to some digital mischief-makers. These sneaky bandits posted a bogus alert about an SEC lawsuit, falsely claiming that the Foundation would stop supporting ADA.
The fake post kicked off with a dramatic tale, alleging that the US Securities and Exchange Commission had intensified its so-called crusade against crypto by targeting the Cardano Foundation. The phony message went on to claim that the team had made a tough call to halt all support for ADA to comply with supposed regulatory demands.
In the wild west of cryptocurrency, such news can send prices tumbling faster than a cowboy in quicksand. But fear not, Cardano cowpokes! Thanks to the rapid response from the X team and the ever-watchful Charles Hoskinson, ADA’s value managed to stay relatively steady, hovering close to $1.2 after a brief dip.
Hoskinson, with his one-million-strong posse on X, was quick to set the record straight, clarifying that the Foundation’s account had been hacked. He even threw in a cheeky jab at the hackers, urging them to “try harder.”
Despite this hiccup, ADA has been on a roll lately, boasting a jaw-dropping 170% surge in the past month. It even flirted with a multi-year high of $1.3 before easing back to its current price. So, saddle up and keep an eye on this crypto dynamo, because ADA is proving it's got staying power in the face of adversity!
