On-chain tracing has once again sparked allegations that Cardano's founders sold 1.5 billion ADA tokens during the 2021 bull market.

CoinFeed reported on June 11 that, according to The Defiant, on-chain tracing has once again sparked allegations that Cardano founder Charles Hoskinson sold approximately 1.5 billion ADA during the 2021 bull market. NFT creator Masato Alexander released on-chain analysis claiming that the large ADA transactions during this period had shorter paths to IOG-related staking pools, reducing the number of intermediate steps from approximately 40 to 1-7. His tracing focuses on two transactions: a transfer of 925 million ADA and nine payments of 20 million ADA each. Hoskinson has not yet responded. The Cardano Foundation responded, stating, "Cardano has three separate founding entities: IOG, Emurgo, and the Cardano Foundation."