Cardano Founder Destroys $80M Memecoin, Leaves Crypto Nerds in Tears 😢

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In a shocking turn of events, the legendary Charles Hoskinson, the visionary behind Cardano, has taken the crypto world by storm once again. The Cardano founder, known for his unwavering commitment to the blockchain revolution, has publicly burned a massive trove of a memecoin named in his honor, leaving the crypto community in a state of utter disbelief. 🤯

The token, simply called CHARLES, had amassed a staggering $80 million in market value, much to the surprise of Hoskinson himself. “I never thought in my life y’all would make a video forcing me to make a video like this, but you did,” he exclaimed, shaking his head in disbelief. 😒

Hoskinson, known for his no-nonsense approach, wasted no time in destroying the tokens, showcasing the process step by step. “A lesser man would have found a way to slow drip that out, got a few million dollars here and there. I don’t do that. Homie don’t play that way,” he said, as he sent the tokens to a “black hole” contract, never to be seen again. 💥

The community, in a state of shock and awe, watched in silence as Hoskinson burned what many would consider a life-changing amount of money. “I think this is the first time in my life I’ve ever burnt $60 million, $70 million, $80 million of value,” he said, shrugging off the magnitude of his actions. 🤑

As the transaction appeared on the blockchain explorer, Hoskinson confirmed that the tokens were indeed gone, leaving the crypto nerds in tears. 😢 “There’s no way to pull funds out of it,” he said, as he called upon the community not to repeat such stunts in the future, despite the entertaining spectacle it had provided. 🤡

At the time of writing, Cardano (ADA) is trading at $0.95, proving that Hoskinson’s commitment to the project remains unwavering, even in the face of such a bizarre and unexpected turn of events. 🚀

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2025-01-31 18:12