- Cardano breaks multi-month downtrend.
- Ketamine unleashes the wolf within Charles Hoskinson.
- ADA fans joke that Hoskinson needs to take more ketamine.
A wave of bullish momentum hit the crypto markets after Donald Trump’s recent election win. Market leader Bitcoin surged over 22% since the result was declared, with analysts predicting more gains as the bull cycle unfolds.
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In a surprising turn, Cardano also surged, gaining 97% post-election value. While various factors drove this spike, Charles Hoskinson’s recent ketamine-fueled “wolf mode” experience was humorously singled out as the key driver behind ADA’s rise.
Cardano Founder Trips Out
Despite recent doubts driven by Cardano’s slide in the market cap rankings, the US election sparked a surprise rally for ADA. The token soared to a 32-week high of $0.658 on November 10, making some wonder if a new chapter for Cardano is in the making.
Before the election, Hoskinson shared that he’d be taking a week off to recover from relentless troll attacks that had been wearing him down. But few expected he’d use his break to explore psychedelics, leading to what he later described as a profoundly transformative experience.
Reflecting on his experience, the Input-Output CEO explained that, while unconventional, he had the “resources and luxury” to experiment with ketamine, describing his trips as “quite powerful.” During his second journey, he recounted being in the body of a wolf, with an enhanced sense of smell as he roamed a forest, hunting rabbits.
Hoskinson further shared that he experienced a profound disassociation from his body and sense of self, entering a state marked by relaxation, serenity, and a profound sense of unity with everything around him.
Hoskinson Urged to Take More
Chiming in on Hoskinson’s experience, the Plutus Staking team humorously linked his “1g of ketamine” trip to ADA’s recent surge, playfully urging him to take more to push the price even higher.
Not to be outdone, the Hosky team joined the joke, suggesting that if a single gram could lift ADA, 100 grams might push it to a 100x gain. Plutus Staking took it further, quipping, “Why stop at 100x?”
Ketamine is sometimes used in therapeutic settings to treat conditions like depression, anxiety, and PTSD, more so in cases resistant to conventional treatments.
Alongside other psychedelics like psilocybin and ayahuasca/DMT, ketamine is reported to offer expanded consciousness, improved mood, and enhanced motivation for those undergoing this treatment.
On the Flipside
- Hoskinson warned that ketamine isn’t for everyone and should be administered under the guidance of a trained professional.
- Cardano rose two places to ninth spot on the crypto rankings since November 7.
- Hoskinson revealed that he will focus on crypto policy advocacy in 2025.
Why This Matters
While Hoskinson’s revelations may have entertained the crypto community, fundamental factors are more likely to have caused Cardano’s recent surge.
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