5-year Cardano hodler loses 90% of $6.9M ADA in bungled swap

Charles Hoskinson, the founder of Cardano, has made a strong statement in response to the recent downturn in the cryptocurrency market. In a video released on November 15, he urged investors to refrain from panic-selling and criticized the act of converting cryptocurrencies to fiat, suggesting it represents a choice for a dystopian future. His comments come amid a challenging market environment, emphasizing the importance of maintaining confidence in the crypto space.

A significant loss occurred in the cryptocurrency market when a Cardano whale mistakenly routed $6 million through an illiquid micro-cap stablecoin, known as USDA. This incident is being described as one of the most costly errors of the year, highlighting the risks associated with trading in less established cryptocurrencies. The event took place on November 17, 2025, and has raised concerns about the liquidity and stability of micro-cap stablecoins in the market.

Bitcoin has experienced a significant drop, breaking below the monthly mid-range at $100,266, which has cleared a key liquidity shelf. This decline has exposed a potential rapid decrease into thinner trading regions, with near-term support levels identified between $93,000 and $95,000. Other cryptocurrencies such as Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) have also seen declines ranging from 8% to 16% within the same week.

A Cardano holder has reportedly lost 90% of their investment, amounting to $6.9 million in ADA, due to a mistaken swap involving a highly illiquid trading pool. The holder inadvertently converted their substantial ADA holdings into a lesser-known stablecoin, resulting in a final value of only $847,695. This incident highlights the risks associated with trading in illiquid markets and the potential for significant financial loss.

Bitcoin has experienced sluggish price action during the first two weeks of November, struggling to regain momentum after losing its $100,000 support level. Currently, the cryptocurrency is hovering around $95,000, raising concerns among investors about its future performance. The focus is on whether Bitcoin can recover and follow the upward trend seen in stablecoin liquidity, which has shown a clear uptrend recently.

A Cardano wallet that had been inactive for five years was recently activated, resulting in a significant financial loss of $6 million during an ADA-to-USDA swap. This incident highlights the potential risks associated with large transactions in cryptocurrency trading, emphasizing the importance of liquidity awareness among traders. The event occurred on November 16, 2025, and serves as a cautionary tale for those engaged in crypto trading, where lack of liquidity can lead to substantial losses.

Amboss and Voltage have announced a partnership aimed at enhancing yield generation for Bitcoin and stablecoin payments. This collaboration integrates Voltage's Lightning Payments API with Amboss Rails, allowing businesses to accept these payment types and earn yield on self-custodied Bitcoin. The use of Taproot Assets facilitates in-flight exchanges, while the partnership also automates liquidity management for treasuries.

AJ Scaramucci’s family has invested over $100 million in a Bitcoin mining company associated with Donald Trump's sons. This investment was part of a larger $220 million pre-IPO financing round led by Solari Capital in July. The investment is viewed as a significant commitment to Bitcoin infrastructure rather than merely a speculative token investment. Other notable investors include the founder of Cardano and various real estate figures.