Cardano Founder Acknowledges New Meme Coin’s Rise

SNEK, a meme coin recently introduced on the Cardano blockchain, has gained the interest of Cardano founder Charles Hoskinson.

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Charles Hoskinson, the founder of Cardano, has expressed curiosity about a recently launched meme coin on the Cardano blockchain. In his latest tweet, he inquired about what caught his attention in this new cryptocurrency. Cardano is known as one of the biggest blockchain networks globally.

The New Token – SNEK

Snek is a recently introduced meme coin that runs on the Cardano network. It was created by a popular member of the Cardano community known as goofycrisp, along with co-founders MasterofC and JSHy. The token has a total supply of 76.7 billion tokens, with 50% of them being distributed during the presale phase.

Cardano Founder Hoskinson tweeted

What the heck is this #Snek thing that people keep tweeting about?

After Charles Hoskinson’s tweet, the price of SNEK has experienced a significant increase, rising by 16.13% in the last 24 hours.

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While some people might view Hoskinson’s interest in Snek as a way to promote the token, it also shows how the Cardano network is gaining more recognition and becoming increasingly popular.

Price Movements – SNEK

After a successful initial sale, Snek was introduced on SundaeSwap, a popular decentralized exchange built on the Cardano network. The token entered the market with a market capitalization of $275,000.

As of May 11, 2023, the current trading price of Snek is 0.000278 ₳, and its market capitalization stands at $21,331.

During the presale on April 27, 2023, the token gained significant attention on Twitter, with over 2,000 ADA tokens sent to the presale address within minutes of the token sale starting. The presale reached an important milestone, with 112,000 ADA coins raised through 519 transactions.

Author

  • SHBAZ

    A crypto enthusiast, Loves to write, Loves to explore and stay up-to-date about the latest developments in the crypto world. #Btc #Crypto #NFT

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