In this post:

• Charles Hoskinson has debunked claims that Cardano locked ADA staking and prevent users from selling.
• Cardano has a liquid staking system where anyone can stake directly on the network and still use their ADA for DeFi activity.
• ADA is down 2% today as the token continues to struggle despite recent gains.

Cardano co-founder Charles Hoskinson has refuted claims that holders of its native token ADA cannot sell their tokens because they are locked in staking pools. In a post on X, Hoskinson described the claims as misinformation on a grand scale.

The comments come in response to statements made on the podcast, where popular crypto influencers CTO Larsson, InvestAnswers, Mando, and MartyParty discussed several cryptocurrencies, including Cardano, which they claimed has a large market cap but no adoption.

Martyparty said the ADA’s large market cap is due to Cardano tricking ADA investors into locking their tokens through its staking system, making it impossible for them to exit and sell.

However, Hoskinson pounced on the comment as misinformation about how Cardano works, noting that the network offers liquid noncustodial staking, meaning users have complete control of their assets even when they stake, making it impossible to restrict them from selling it off.

He said:

“The lies and misinformation about Cardano have reached epic levels. Stake isn’t locked, but they still lie. Why does anyone trust these people anymore?”

This is not Hoskinson’s first criticism of...

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