Cardano Founder Warns of Collapse After 'Cutting Ties' with Key Project... Why?

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A shock occurred as the Cardano (ADA) founder declared a separation from a key ecosystem project and even warned of "the possibility of collapse," causing the token to plummet by more than 30% in two days.

According to The Crypto Basic on April 27 (local time), Cardano founder Charles Hoskinson announced that he had officially severed ties with the decentralized cloud project Iagon. He warned that if the current management team remains, the project and token value could be severely compromised.

The conflict was triggered during the expansion of Cardano's infrastructure. It is reported that when Blockfrost integrated with Filecoin to introduce cloud storage capabilities, Iagon opposed it, escalating the confrontation during the governance voting process.

Specifically, Iagon CEO Navjit Dhaliwal urged a no vote on the financial proposal from IOG, Cardano's core development company, which Hoskinson strongly criticized as an "emotional response." Subsequently, public clashes between the two sides continued, bringing the conflict to the surface.

Hoskinson directly stated, "If the leadership doesn't change, the project will fail, and the value for token holders will be destroyed." He further made it clear that he would "no longer spend time on that project," drawing a complete line.

The market reaction was immediate. The Iagon token (IAG) plummeted by approximately 34% in just two days, directly reflecting investor anxiety. This is seen as an instance where internal conflict within the Cardano ecosystem led to a direct impact on its price.

At the same time, Hoskinson emphasized a strategy to expand the introduction of various decentralized infrastructures, including Filecoin. The plan is to reorganize the ecosystem by securing multiple infrastructures rather than relying on a single specific project.

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