Within the Cardano (ADA) group, a contentious discussion is taking place. While some influencers like all aspects of the exercise upswing, including those harmful for ADA holders, the opposing side condemns them of being drawn to “drama.”
Launches, rugs, and drama: The Cardano (ADA) ecosystem is here, according to the organisation
An anonymous Cardano (ADA) supporter who tweets as @cardano_whale acknowledged that he is “loving the chaos” the ecosystem is now experiencing. He noticed a number of unusual occurrences that led to significant “FUD and hype” for the blockchain and dApps using it for their operations.
Recent weeks have seen debuts, “rugpull” incidents, “drama,” token rises of 1,000%, and painful liquidations for Cardano (ADA) and its fans. In addition, Mission Catalyst, the largest community-driven incubator initiative in Web3, came under scrutiny because of dubious candidates.
While traumatic and damaging for the community, these events are also signs that the Cardano (ADA) ecosystem has “arrived,” according to @cardano_whale.
Another supporter of Cardano (ADA), known by the handle @Cinnamon__Bunnn, noted that this is how a blockchain ecosystem should look when it is first emerging. They weren’t quite content, though, with the way that some people “satisfy themselves on staying out of the drama.”
U.Charles Hoskinson, the creator of the Cardano (ADA) network, criticized some who claimed he had spent “others'” money in the current day earlier, in June 2023.
When Hoskinson revealed the fine print of his ocean voyage, a storm of criticism erupted.
Mission Catalyst is under fire; here’s why
Another incident included Mission Catalyst, a sizable incubator for the Cardano (ADA) organization. Some zealots came upon some really dubious applicants who had been seeking excessive financing.
Additionally, the previously unidentified RFLXT staff claimed that Charles Hoskinson was a co-founder of the company. They asked for a total of $5.8 million ADA from Mission Catalyst Fund 10.
Last but not least, in Q3, 2023, a series of tweets concerning “rugpulls” on Cardano (ADA) were circulated. CNETA, CHRY, TEDDY, GRABBIT, and POP token groups have been charged with defrauding their prospects and engaging in nefarious activities.
