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Cardano Faces Whale Revolt as Hoskinson Defends IOG and ADA Breaks Out Toward 226% Rally
Cardano’s governance dispute with a prominent whale has led to concerns over the potential impact on the cryptocurrency’s growth. However, Charles Hoskinson, the founder of Cardano, is actively defending Input Output Global (IOG) and its role in shaping the network’s direction.
Whale’s recent voting behavior has garnered significant attention as they have automatically voted “no” on all proposals submitted by IOG. This drastic measure was taken due to their dissatisfaction with the development company’s delivery and spending. According to Whale, their goal is to challenge IOG’s involvement in the Cardano network.
Charles Hoskinson responds directly to the situation, labeling Whale’s actions as “emotional” and lacking technical justification. He urges the community to delegate voting power to rational participants to protect the integrity and direction of the protocol.
The dispute has unfolded amidst a market shift that has seen ADA break out from a bullish flag pattern, signaling a potential 226% rally in the coming days.
The price action observed on July 23, 2025, demonstrates this momentum. The Cardano to United States Dollar (ADA/USDT) chart confirmed a breakout from the bullish flag structure, indicating a pause before continuation and typically leading to another sharp rally after breaking above the upper trendline.
Source: coinchapter.com
