Snek retweeted
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These memecoins don't care that the markets are suffering.
Several major memecoins have bucked the market trend this week, recording significant gains.
(1) @Snek on @Cardano [+35%]
(2) @OsakaProtocol $OSAK [+26.8%]
(3) @mubarak_cto on @BNBChain [+12.7%]
(4) @Shibtoken's BONE [+9%]
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Here is my short thesis on SNEK/ADA price and why I think we are going much higher than before.
Cardano's ecosystem shrunk significantly during the last bear market, which I think we are just coming out of. Many projects did not survive and liquidity dried up across the board.
Paired with supply injections from the Cardano treasury, this increases the amount of ADA in circulation ready to be deployed into only a few key projects.
I firmly believe $SNEK is one of them.
Bull mode has not fully returned yet and SNEK is already up 150% from its bear market bottom, sitting at almost 50% of its previous all-time high (0.0072 ADA/SNEK).
This concentrated demand combined with SNEK's current tokenomics is, in my opinion, a recipe for a significant price move. Less supply from trading fees and token burns, more places to buy, fewer projects to compete with.
SNEK is more distributed and more accessible than ever in a market that is far less spred out, the liquidity has nowhere else to go. I think we have seen nothing yet.
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The annual running club is back 👀🔥
Good morning run before #token2049 💪
Always a good time, gents
@F_Gregaard @phillip_pon @planetmaaz @Andytang @snek
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Snek retweeted
"What does a chain built on peer-reviewed research do when it needs a crowd?"
@Cardano spent years publishing academic papers and formally verifying its code. What it never had was culture. In April 2023 someone in the community launched snek:native - a cartoon snake with a fair launch, zero allocation to the team and no VCs behind it.
It grew into the largest token on Cardano after $ADA itself, with tens of thousands of holders and integrations across dozens of applications in the ecosystem.
Now there's Snek.fun, a launchpad for new tokens built on Cardano, and Snek Energy, a genuine energy drink company. Input Output, the firm that built Cardano, eventually partnered with the snake to drive engagement across its own ecosystem.
One more fact worth knowing: the @snek Foundation asked Cardano's on-chain treasury for 5,000,000 ADA to fund exchange listings, and got it - restructured from a grant into a repayable loan, with public reporting twice a year. It was the first loan-based treasury withdrawal in Cardano's history.
snek:native is up 139% over the past three months, and the biggest exchanges in crypto are getting closer with every step the community takes.
Ssssswap snek:native on ChangeHero 🐍🐍
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Cardano's only major memecoin is on a run.
@Snek on @Cardano was up +52% on the month this morning, outpacing nearly every other major meme.
$SENK was also up some +26% on the week, its market cap reaching roughly $65M on October 6.
The surge may raise questions around whether $ADA has what it takes to foster a real memecoin ecosystem.
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Keep talking about the Snek 🐍
NEW: @Cardano leading memecoin, @Snek $SNEK, is gaining strong momentum, rising 52% over the past month and outperforming most major meme tokens. The token was also up around 26% over the past week, with its market cap reaching roughly $65 million on October 6.
The rally is putting renewed attention on Cardano’s ability to build a stronger memecoin ecosystem. If the momentum around $SNEK continues, it could provide an interesting test of whether $ADA can attract more meme driven liquidity and activity to the network.
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Snek retweeted
🐍 Cardano might have a meme sleeper hiding in plain sight.
$SNEK has been around since 2023, and the numbers are hard to ignore: ~40K holders, $60M+ market cap, strong volume, and a community that keeps growing.
But what really caught my attention is the ecosystem forming around it. Snek.fun, SNEKbot, merch, collectibles — it’s starting to look bigger than a typical meme coin. ⚡
The real question: can SNEK turn that community into Cardano’s leading meme brand? 👀
I think the staying power here is worth watching. 🟢
What’s your take on $SNEK?
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Snek retweeted
🐍 SNEK might be one of Cardano’s most underrated meme plays
Fair launched in 2023.
👥 ~40K holders
💰 $60M+ market cap
🔥 Buy & burn
📈 Strong trading volume
🌎 100K+ community
And it’s not just a meme anymore. Snek.fun, SNEKbot, merch, collectibles and more are growing around the brand.
Yes, it’s highly speculative. But the community clearly has staying power.
I’m bullish on what SNEK is building on Cardano. 🟢
Could this become Cardano’s #1 meme brand? 👀
What do you think? 🐍👇
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Snek retweeted
Here is why distributed liquidity pools matter. 40% of the current $SNEK volume comes from NIGHT and USDCx.
All generating more buying pressure and more burns through trading fees.
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Yes, again, the snek chart.
Just a daily reminder how difficult it is for any project to reach this point. Snek survived multiple large drawdowns, the last one being the hardest at -95% from all time high. But that's what makes a project stronger for the next stage.
In the past 4 years, we cultivated what it means to be part of this. We focus on snek, stay in our lane, do what we do best. No false promises. No drama. One goal, make snek and $SNEK more valuable.
Minimize the failure risk. Maximize the potential return. Right now our odds are about as high as they've ever been. And it's feeling good.
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