Cardano Surges 10.8% Ahead of October 11 Treasury Vote
Cardano (ADA)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Cardano rose 10.8 percent on September 18, 2026, trading at $0.2245 by 23:50 UTC. The price increase coincides with an ongoing vote on the Cardano treasury that runs until October 11, 2026. Despite the market rally, on-chain data shows the proposal currently holds only 2.14 percent approval from elected representatives.
A 67 percent threshold is required for the proposal to pass, indicating a lack of broad support among voters. The proposal includes a clause stating that the majority of the requested sum will be converted into a US dollar stablecoin upon contract signature. This conversion mechanism could directly impact market dynamics once the vote concludes.
ADA holders are advised to check their voting status, as their ADA votes automatically during the period regardless of active participation. The source notes that price history and assessments are available in their Cardano price prediction. Data from the CoinGecko interface on September 18 shows a 24-hour trading range between $0.2015 and $0.2268. Over seven days, the gain stood at 10.6 percent, while the 30-day gain reached 19.0 percent.
How the market reacted
Whalio's own Binance spot order flow for ADA, measured when this story was written up on 19 September 2026. Not the outlet's figures.
Whalio spot data for ADA shows a price of $0.2244, with a 24-hour buy ratio of 54.0 percent. Short-term pressure appears weaker, as the 1-hour buy ratio sits at 43.3 percent and the 4-hour ratio at 48.9 percent. This indicates that buying pressure is fading in the immediate term compared to the daily average. The 24-hour volume delta is positive at $4,247,984, suggesting net accumulation over the full day. However, recent hourly data shows a negative volume delta of -$209,421, reflecting recent selling. The cumulative volume delta (CVD) at the 24-hour close is +$1,879,646, confirming that net buying dominated the session despite recent dips.
The latest daily buy ratio of 45.6% sits at the 5th percentile of the last 322 days, against a median of 49.2% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for ADA, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.8 percent, making today's 24-hour ratio of 54.0 percent an unusually high level of buying interest. Trading volume was 1.94 times the weekly average, highlighting a significant surge in activity. Despite the price rising 8.7 percent over eight days, the total volume delta for that period was negative at -$2,229,663. This suggests that while prices climbed, larger sellers may have been distributing assets over the longer timeframe. Only two of the past seven days saw net buying, contrasting with today's strong daily accumulation.