Crypto NewsCardanoCardano (ADA) Founder Hoskinson Makes First Statement After XRP's Victory!

Cardano (ADA) Founder Hoskinson Makes First Statement After XRP's Victory!

After Ripple's important victory, Cardano founder Charles Hoskinson did not remain silent on the issue.

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Cardano (ADA) founder Charles Hoskinson also spoke after the Ripple-SEC case judge Analisa Torres announced today that the XRP token is not a security according to the Howey test.

The relationship between XRP supporters and Cardano founder Hoskinson has been pretty bad lately.

Hoskinson said in a statement on Twitter:

“Well done XRP. One small step for the XRP Community, a giant leap for cryptocurrencies!”

The Cardano founder also shared a document with the details of the decision with his followers.

Hoskinson thus extended an olive branch to the victorious Ripple community.

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After the decision, there was a jump of approximately 30% in the price of XRP, while an upward trend began in all other altcoins.

Daily chart showing the rise in ADA price.

The Cardano (ADA) token gained close to 10% within an hour of the decision. ADA is trading at $0.31 at the time of this writing.

In 2022, Hoskinson criticized the XRP community for being toxic and unimportant, adding that he had “never encountered a community so eager to brutally attack a person who didn't attack them.” At that time, the founder of Cardano said that he would no longer discuss issues related to Ripple.

*Not investment advice.

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