The United States Department of Defense verified the origin of the meteor back in 2019, and the search for it is being conducted by the Galileo Project, which is a part of Harvard University. 

The project is led by Harvard professor Avi Loeb and his student Amir Siraj.

Back in March 2023, Charles Hoskinson, the founder of Cardano, invested $1.5 million in the Galileo Project.

On June 16th, Hoskinson confirmed his presence with the researchers on the coast of Papua New Guinea in the Pacific Ocean, sharing updates through a series of Tweets.

In one of his tweets, he mentioned that there was still much ground to cover and that they hadn't yet started using the sluice sled.

Meanwhile, Loed, another member of the expedition, is maintaining a blog where he provides daily updates on the progress of the expedition so far.

In a post dated June 16th, he mentioned the discovery of a manganese-platinum wire with a unique abundance pattern that differs from commonly available commercial products.

The scientists involved in the expedition have a strong belief in the existence of alien life and speculate that the meteor that crashed into the ocean is actually a fragment of an unidentified flying object.

Hoskins is known for investing in quirky, fun projects that look to overstep the boundaries of the known.

In March 2022, the Cardano founder said that he invested in a project aiming to resurrect the woolly mammoth with aims of bringing blockchain into the “field of de-extinction”.

Cardano's native cryptocurrency, ADA, has experienced a decline in value over the past few weeks. According to CoinMarketCap data, the token has lost approximately 1.72% of its value in the last week. 

From June 1, 2023, when it was priced around $0.3751, ADA has dropped to about $0.2766 on June 18, 2023, marking a decrease of 18.9% this month.

The recent bearish price action of ADA can be attributed to the ongoing lawsuits faced by Binance and Coinbase from the US Securities and Exchange Commission (SEC).

These legal challenges have caused concerns among investors, leading some to sell the cryptocurrency they were holding, including ADA.

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