Is Cardano Losing Its Loyalists? What One Advocate’s Exit Shows

On Oct. 22, 2026, longtime Cardano advocate Chris O stepped down as a delegated representative, or DRep, a role in which he voted on governance proposals for ADA holders, saying the Cardano Foundation and others had not kept pace and praising Sui's technology and adoption. He said ADA was no longer his largest holding and asked delegators to move their voting power elsewhere. He is the second prominent Cardano voice this year to shift toward Sui, after analyst Dan Gambardello moved part of his holdings in June. The departure came in a difficult year for Cardano, when ADA fell below $0.20 in June for the first time since 2021.