Austin Hilton, a prominent crypto YouTuber, has reaffirmed his strong commitment to Cardano (ADA) and its long-term outlook.
In a recent statement, Hilton stressed that despite ongoing market volatility, he has not sold any of his Cardano (ADA) holdings and has no plans to do so.
Hilton explained that his confidence in ADA stems from his belief in Charles Hoskinson, his long-term vision for the project, and the broader momentum behind the Cardano movement.
Whales Dump ADA Amid Market Downturn
Hilton's commentary comes at a time when investors are reevaluating their positions in major altcoins like Cardano after the market endured one of its toughest weeks of the year.
For context, ADA traded near $0.80 before the October 10 market crash. However, the token briefly plunged to $0.33 that same day before rebounding into the $0.60 range just hours later.
Although this recovery offered temporary relief, ADA faced renewed downward pressure toward the end of November and into early December. Ultimately, its price dropped to $0.3719 on December 1.
These persistent declines prompted many investors to reduce their exposure to Cardano. Analyst Ali Martinez highlighted this trend on X, noting that whales sold 100 million ADA within 72 hours as of October 29.
By November 16, he reported that whale sell-offs had surged to 440 million ADA over the previous month.
Despite the intense selling pressure, Hilton emphasized that he is among the ADA holders who never sold their tokens. He said he trusts the direction Cardano is taking under Charles Hoskinson’s leadership and remains committed to holding his ADA.
Hoskinson’s Vision Fueling Cardano Holders’ Confidence
Hoskinson has frequently outlined ambitious plans for Cardano, helping maintain confidence among long-term supporters like Hilton. During his recent livestreams, he expressed interest in uniting multiple Cardano-based blockchain projects. Some have suggested this could occur through the Midnight network.
He also noted that 2026 will be a pivotal year for Cardano, as the network is set to roll out the Leios scaling solution and launch the Midnight mainnet. Hoskinson also revealed plans to strengthen Cardano’s DeFi ecosystem over the coming year.
His broader objective is to position Cardano as the world’s leading cryptocurrency, a goal that would require ADA to surpass Bitcoin’s $1.83 trillion market valuation. ADA is currently trading at $0.4377, giving it a market cap of $15.71 billion.