Tim Draper promotes Cardano Apex Growth Accelerator program
Cardano (ADA)
Editor:
Eugene Serbin
Digitaltoday.co.kr reports that billionaire Tim Draper has highlighted the Apex Growth Accelerator as a key opportunity for Cardano developers. This 10-week programme, launching on Oct. 5, targets startups within the Cardano ecosystem that are ready to scale their businesses. Draper University and Orion Fund collaborated to create the initiative, which accepts applications until Sept. 1.
Selected companies can receive up to $70,000 in investment based on a 3.5 percent equity stake. Participants also gain access to a Silicon Valley residency programme and a network of investors. The focus areas include decentralised finance infrastructure, real world assets, tokenisation, and enterprise applications.
Draper described the initiative as a big opportunity for founders in the Cardano ecosystem on X. The Orion Fund, backed by an $80 million capital base, aims to identify promising startups early. The programme seeks to connect initial support with follow-on investment for eligible teams.
How the market reacted
Whalio's own Binance spot order flow for ADA, measured when this story was written up on 27 August 2026. Not the outlet's figures.
ADA is trading at $0.2124 with a 24-hour spot volume of $22,311,753. The 1-hour buy ratio stands at 50.1%, indicating a slight shift toward buying pressure compared to the 24-hour average of 48.3%. However, the 4-hour buy ratio has dropped to 45.7%, suggesting that buying momentum is fading over the medium term. Volume delta reflects this divergence, showing a positive $3,401 in the last hour but a negative -$677,762 over four hours. The cumulative volume delta for the day closed at -$585,584, meaning sellers have dominated the flow for most of the session. Net buying occurred for only 13 of the last 24 hours, confirming a mixed but slightly bearish intraday trend.
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.
Twenty-four hours later
What ADA did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
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, ADA experienced a 13.5% price increase, driven by a total volume delta of +$1,076,431. The weekly average buy ratio was 49.7%, which is 1.4 points higher than the current 24-hour reading. Trading volume today is only 0.43 times the weekly average, indicating significantly lower activity than usual. While the weekly trend shows net buying across two days, today’s lower volume and negative delta suggest a pause in that momentum. This represents an unusual day for the coin relative to its recent weekly norms, characterized by reduced participation despite the prior price surge.