Cardano (CRYPTO: ADA) founder Charles Hoskinson announced he is “taking a break” on Thursday after warning of a coming “wave of failures” in the ecosystem, sending ADA down 6%.

Hoskinson Frustrated With Community Treasury Resistance

Hoskinson’s comments came in response to TapTools, a Cardano analytics platform that shut down after four years building on the network. 

He said he had warned earlier this year that deteriorating market conditions would force projects to close.

“I said at the beginning of the year, we’re going to see a lot of people collapse because the markets are really bad,” Hoskinson said in a video posted this week. “There’s going to be a wave of…

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