Cardano Founder Says Crypto Parties Won’t Boost ADA Price

Charles Hoskinson has pushed back against allocating treasury funds to high-profile crypto events, arguing that such gatherings do little to drive meaningful growth for Cardano.

His comments come amid a debate within the ecosystem over how best to deploy community resources to strengthen adoption and long-term value.

Key Points

• Charles Hoskinson opposes allocating treasury funds to sponsor high-profile crypto events, arguing they do not meaningfully support $ADA’s price.
• He proposes directing funds toward developing permanent global community hubs to attract new users into the ecosystem.
• His remarks follow the community’s rejection of a proposal to allocate 14 million $ADA for major crypto conferences.
• Several DReps, including Cardano Cypherpunks, HOSKY, Cerkaryn, and Goofycris, voted against the proposal.

Parties Will Not Push $ADA Price

Cardano founder Charles Hoskinson has emphasized that boosting $ADA’s price requires more than visibility at major industry events. In response to community concerns, he argued that attending parties does not attract new users or meaningfully expand the ecosystem.

Instead, Hoskinson advocated for investing in permanent community hubs worldwide, specifically spaces that host weekly events, foster developer collaboration, and incubate new projects. In his view, these Cardano centers could attract more people into the Cardano ecosystem, potentially supporting the price.

He noted that Cardano’s Buenos Aires hub already demonstrates this model. It regularly draws 100–200 participants twice a month and supports initiatives such as hackathons, venture incubations, and biweekly meetups.

“We have to bring in new people and show markets that Cardano is still alive and thriving,” Hoskinson remarked.

We have to bring new people in and showany markets that cardano is still alive and thriving. Going to parties doesn't do that, having permanent community hubs with people attending weekly events does.

— Charles Hoskinson (@IOHK_Charles) April 11, 2026

Community Against Allocating 14M $ADA for High-Profile Events

Hoskinson’s comments follow the community’s rejection of a proposal to fund participation in major conferences.

For context, early results show the majority of Cardano’s DReps voting ‘No’ on a proposal from the Cardano Foundation and Emurgo to allocate 14 million $ADA to support participation in the TOKEN2049 conference in Singapore and Cardano Summit 2026.

Some DReps against the proposal include Cardano Cypherpunks, HOSKY, Cerkaryn, and Goofycrisp.

The decision sparked reactions from community members who questioned how treasury funds should be used to strengthen the ecosystem. In Hoskinson’s view, Cardano must focus on expanding its user base by having permanent community hubs and proving that the network remains active and innovative.

Need to Attract More Users to Cardano

Notably, Hoskinson has previously emphasized the need to attract more users as a catalyst for Cardano’s overall growth, across price and DeFi activity.

Cardano’s partner chain, Midnight, has contributed to this effort. For instance, the Midnight Foundation ensured that the NIGHT airdrop benefits not only $ADA holders but also those from seven other communities, including Solana, Bitcoin, and $XRP.

Moreover, Hoskinson has also hinted at plans to use Midnight to integrate $XRP and Bitcoin into the Cardano DeFi ecosystem. These efforts could attract billions of dollars in idle liquidity from these assets into Cardano.

While this could boost Cardano’s DeFi activity, analysts suggest it could also support $ADA’s price, which has underperformed for most of the year. It is worth mentioning that $ADA remains outside the top 10 by market cap. Specifically, it is trading at $0.2383 and has a valuation of $8.6 billion.

For Hoskinson, attracting new users and building permanent Cardano hubs could support long-term price growth. However, this remains uncertain, especially as macroeconomic factors continue to influence crypto performance.