A long-time Cardano holder has walked away from his entire ADA position at a loss of around $100,000, and the reason had nothing to do with the technology or theA long-time Cardano holder has walked away from his entire ADA position at a loss of around $100,000, and the reason had nothing to do with the technology or the

Here’s Why a Cardano Holder Walked Away From $100K in ADA

2026/03/10 23:00
3 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

A long-time Cardano holder has walked away from his entire ADA position at a loss of around $100,000, and the reason had nothing to do with the technology or the price charts. It came down to the community. Jure Karamarko, founder of SongMarketCap, shared the story on social media, and it struck a nerve.

The holder sold at $0.25, taking a significant financial hit, but said it was worth it just to be done with the ecosystem. His words were quite candid. He explained that the space was filled with people who have “sick egos” and would tear things apart for their own gain. To him, these people do not have the best interest of Cardano in mind. They are only looking out for themselves and have very loud egos.

A Character Problem, Not a Cardano Technology Problem

What makes this story special is that the anger was not focused on Cardano’s roadmap or the people behind the roadmap. Instead, the focus of the anger was the people who were creating the culture around the project.

The former member believed that the constant infighting and chatter had become stifling enough that any level of technical advancement would not be enough for him to stay. “I don’t want to be part of that ecosystem anymore, no matter the cost,” the former member told Karamarko, and he meant it.

Karamarko is staying, and TheCryptoBasic points out that the man did acknowledge the frustration and hoped that better people would eventually rise up and steer the community in a better direction.

What’s Been Fueling the Tension

These tensions didn’t come out of the blue. In recent times, the Cardano community has witnessed a number of sharp disagreements. These disagreements range from the conflict with Iagon to the funding debate.

Even the attempt to unite the major players in the ecosystem through the Pentad initiative hasn’t been enough to calm the waters. The underlying tensions keep bubbling back up. The broader crypto market being under pressure hasn’t helped the mood either. 

Bitcoin has been struggling, and the ADA price has reflected that wider weakness. But for this particular investor, the market conditions were almost beside the point. It was the day-to-day toxicity that pushed him over the edge.

The whole episode is a pretty stark reminder that a blockchain project isn’t just its code or its whitepaper, it’s also its people. And sometimes, the human side of things can matter just as much as anything happening on-chain.

Read Also: The Most Useless Network in Crypto? Analyst Slams Cardano as Usage Lags Behind Rivals

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

The post Here’s Why a Cardano Holder Walked Away From $100K in ADA appeared first on CaptainAltcoin.

Market Opportunity
Cardano Logo
Cardano Price(ADA)
$0.2647
$0.2647$0.2647
-2.43%
USD
Cardano (ADA) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

SDNY October retrial date for Tornado Cash’s Storm draws Uniswap comparison

SDNY October retrial date for Tornado Cash’s Storm draws Uniswap comparison

The post SDNY October retrial date for Tornado Cash’s Storm draws Uniswap comparison appeared on BitcoinEthereumNews.com. Commentators in the crypto sector have
Share
BitcoinEthereumNews2026/03/11 00:39
Polymarket, Peter Thiel’s Palantir Eye ‘Surveillance Models’ for Sports Prediction Markets

Polymarket, Peter Thiel’s Palantir Eye ‘Surveillance Models’ for Sports Prediction Markets

The post Polymarket, Peter Thiel’s Palantir Eye ‘Surveillance Models’ for Sports Prediction Markets appeared on BitcoinEthereumNews.com. In brief Polymarket is
Share
BitcoinEthereumNews2026/03/11 00:23
Analyst Predicts ‘Uptober’ Rally for BTC Regardless of FOMC Decision

Analyst Predicts ‘Uptober’ Rally for BTC Regardless of FOMC Decision

The post Analyst Predicts ‘Uptober’ Rally for BTC Regardless of FOMC Decision appeared on BitcoinEthereumNews.com. Bitcoin traded at $116,236 as of 14:04 UTC on Sept. 17, up about 1% in the past 24 hours, holding above a key level as markets await the Federal Reserve’s policy announcement. Analysts’ comments Dean Crypto Trades noted on X that bitcoin is only about 7% above its post-election local peak, while the S&P 500 has risen 9% and gold has surged 36% during the same period. He said bitcoin has compressed more than those assets, making it likely to lead the next larger move, though it could form a “lower high” before extending further. He added that ether could join in once it breaks $5,000 and enters price discovery. Lark Davis pointed to bitcoin’s history around September FOMC meetings, saying every September decision since 2020 — except during the 2022 bear market — has preceded a strong rally. He stressed that the pattern is less about the Fed’s rate choice itself and more about seasonal dynamics, arguing that bitcoin tends to thrive in this period heading into “Uptober.” CoinDesk Research’s technical analysis According to CoinDesk Research’s technical analysis data model, bitcoin rose about 0.9% during the Sept. 16–17 analysis window, climbing from $115,461 to $116,520. BTC reached a session high of $117,317 at 07:00 UTC on Sept. 17 before consolidating. Following that peak, bitcoin tested the $116,400–$116,600 range multiple times, confirming it as a short-term support zone. In the final hour of the session, between 11:39 and 12:38 UTC, BTC attempted a breakout: prices moved narrowly between $116,351 and $116,376 before spiking to $116,551 at 12:34 on higher volume. This confirmed a consolidation-breakout pattern, though the gains were modest. Overall, bitcoin remains firm above $116,000, with support around $116,400 and resistance near $117,300. Latest 24-hour and one-month chart analysis The latest 24-hour CoinDesk Data chart, ending 14:04 UTC on…
Share
BitcoinEthereumNews2025/09/18 12:42