Cardano Advocate Exits Governance Role, Citing Sui's Lead
- —The advocate resigned as a DRep and asked delegators to redelegate their voting power
- —He said Cardano Foundation "has not kept up" and called the gap with Sui "not even close"
- —In June, analyst Dan Gambardello also moved part of his holdings from ADA to Sui
- —ADA fell below $0.20 in June for the first time since 2021 as TapTools and Hosky wound down
Why it matters: High-profile departures add pressure on the Cardano Foundation as ADA struggles and Sui gains mindshare among builders and holders.
Source: BeInCrypto