ADA Traders Deploy $700M Leverage as Charles Hoskinson says “No Deal” With Trump
The post ADA Traders Deploy $700M Leverage as Charles Hoskinson says “No Deal” With Trump appeared on BitcoinEthereumNews.com.
Cardano price is floating above the $0.62 level on Sunday April 20, down 0.7% on the daily candle. However, derivatives trading signals observed over the weekend suggest recent Trump comments from Founder Charles Hoskinson are unlikely to impact ADA price action negatively in the week ahead Cardano Bulls Cluster Around $0.60 Support as Charles Hoskinson Hints at Strained Trump Relationship Over the weekend, ADA price action has been notably resilient, holding above the critical $0.60 support level. This comes on the heels of an exclusive interview where Charles Hoskinson dismissed the importance of forging ties with the Trump administration. Despite being excluded from a recent White House crypto summit, Charles Hoskinson claims that the Cardano team has not established a close relationship with the Trump administration. “I don’t need to make a deal with Trump,” Hoskinson told DL News during Paris Blockchain Week, downplaying the perceived political snub. Notably, other crypto leaders such as Brian Armstrong (Coinbase) and Michael Saylor (MicroStrategy) met with Trump and top crypto advisors David Sacks and Bo Hines. In reference, Hoskinson emphasized that U.S. political proximity may offer optics but lacks long-term impact. Cardano left out of Trump-backed Crypto Projects? When Trump included ADA among five cryptocurrencies in his crypto strategic reserve proposal back in March 2025, it sparked optimism across the Cardano ecosystem. Many hoped this would signal increased support from the Trump administration. However, a month later, while other crypto projects are actively aligning with U.S. political influencers, Cardano appears to have been sidelined. Founder Charles Hoskinson remains unfazed in his latest interview, emphasizing that political proximity may offer short-term visibility but rarely leads to sustainable outcomes. In contrast, Trump-backed WLFI recently unveiled plans to launch a USD1 stablecoin on Ethereum and BNB Chain, while also making strategic investments in tokens like Tron…
Filed under: News - @ April 20, 2025 9:23 pm