Charles Hoskinson, the founder of Cardano and the CEO of Input Output (IOG), has publicly buried the huge flock of Memecoin named in his honor. The tokens, simply called Charles, showed off the race wallet platform during the live demonstration and then entered the Hoskinson wallet. For the demonstration, we created a new Cardano Wallet, backed up with the PGP key, and temporarily revealed the camera paper wallet.
Cardano founder burns $ 80 million
Hoskinson believed that he had to make such a video. He was initially joking about the possibility that malicious actors could exhaust the newly exposed address, but he was the current encryption scenery, especially in 2025. He emphasized that “Threat Vector” emphasized that ARBITRARY's special token is registered in his wallet.
In this example, the Charles token appeared out of nowhere and immediately attracted a substantial trading activity for the surprise of the community. According to Hoskinson, the token accumulated a complete diluted market value of about $ 71 million and a 24 -hour transaction of more than $ 5 million within a day, and he explained that he increased by one million. I gave a speculation to.
He mentioned the mania surrounding this memorial, “The boy has exchanged it … literally rises one day a day and everyone is playing with it.” Despite being sitting in what is interpreted as a valuable paper evaluation, Hoskinson was little interest in utilizing or liquidating those tokens for personal interests. 。 Instead, he chose to destroy them through burning public acts.
He is verified by his team member Lucas, writing a sophisticated quick script, and sending a token to a script address that has no ability to get funding. I explained that I wrote. HOSKINSON gradually demonstrates the process, checks the address, sets the total amount of about 900 billion Charles Tokens (90 % of the supply), adds a memo “Thank you for all fish.” “Thank you for all fish” before entering the password to complete the transaction.
When the token was sent, he stated that he would share the transmission transaction on the screen and destroy the named tokens, which would cost only 1.42 ADA for network fees. “I think this is the first time I have burned $ 60 million, $ 70 million, and $ 80 million in my life,” he said. Recognized value. He acknowledged the irony. I do not do that. Don't play your partner like that. “
Through the demonstration, Hoskinson also showed that he had tested a burning script on other tokens, such as HOSKY and Agent SNEK, before the final burns of Charles Token. As soon as the transaction was displayed in the blockchain Explorer, he confirmed that the token was actually gone and observed that there was no way to withdraw funds. At the end of the broadcast, he called on the community to the community so that he acknowledged that he had enjoyed all the sights in a strange way, but not to repeat such stunts in the future.
At the time of press, the cardano was traded for $ 0.95.
Special image created in Dall.e, chart of TradingView.com
