Despite a sharp surge in bullish sentiment after Cardano founder Charles Hoskinson commented on the Clarity Act, ADA still saw an immediate price drop
Hoskinson’s recent broadcast, which included criticism of Ripple CEO Brad Garlinghouse for supporting the bill, fueled optimism around ADA. However, the token’s price still plunged.
Key Points
Bullish Sentiment for Cardano (ADA)
Much of the attention centered on Hoskinson’s criticism of Ripple CEO Brad Garlinghouse for supporting the bill despite what Hoskinson described as major flaws. These include mandatory KYC requirements for every transaction and restrictions on DeFi activity. He warned that passing the bill in its current form would hand the industry back to regulators who have long targeted crypto.
His remarks triggered mixed reactions across the community. Santiment observed that supporters framed his criticism as a “call out,” while critics dismissed it as a “crashout.”
Nonetheless, bullish sentiment around ADA remained overwhelming, with commentary still skewed 27-to-1 in favor of bullish views.
Cardano bullish sentiment soars
ADA Reaction to Massive Bullish Sentiment
Following the surge in bullish sentiment, Santiment noted that it briefly triggered FOMO. However, instead of rallying, selling pressure quickly emerged, pushing prices lower.
Santiment emphasized that this contrarian move is not unusual, as markets often move against crowd expectations. For example, after sentiment turned bullish in October 2025 following the launch of Hydra v1.0.0, ADA still suffered a sharp downturn, driven by the U.S.–China tariff war.
Similarly, broader macro pressures may have weighed on ADA’s recent performance. During Hoskinson’s broadcast on January 18, ADA traded around $0.39 before sliding 7.69% to $0.36 early the next day amid a market-wide sell-off sparked by Trump’s tariff plans targeting the U.K. and seven European countries. Although ADA briefly rebounded to $0.37, it later slipped to around $0.3662 at press time.
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